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New Indiana Fidelity Bond Requirements

by Surety Admin 1. September 2010 15:33
Indiana SB 328 revises the law concerning various financial institutions and professionals. The new law expanded the statutorily required coverage for fidelity bonds for credit unions to include its directors. Current law only mandated that the bond cover the credit union’s officers and employees. The law permits the use of blanket fidelity bonds.  Effective July 1, 2010.
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Surety Blog Categories:  Surety Law Changes

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