28-6.1-5-1. Provision of Coverage

Sec. 1. A savings bank shall make provision for adequate fidelity coverage for all officers and employees having access to money or bonds of the savings bank. As added by P.L.42-1993, SEC.72.

28-6.1-5-2. Approval of Amount and Form of Coverage

Sec. 2. The amount and form of fidelity coverage must be approved by the board of the savings bank. As added by P.L.42-1993, SEC.72.

28-6.1-5-3. Form of Coverage

Sec. 3. Fidelity coverage may be provided in either of the following ways: (1) In the form of a blanket fidelity bond issued by a corporate surety authorized to transact business in Indiana. (2) Through establishment of a separate reserve fund within the savings bank for that purpose. As added by P.L.42-1993, SEC.72.