This bill amends provisions relating to bonds required for public officials and employees to protect against malfeasance or misfeasance in office and replaces the requirement to post a bond with a requirement to obtain crime insurance.
This bill:
- replaces requirements for bonds that a public official or employee is required to post in relation to the performance of duties with a requirement to obtain crime insurance;
- removes provisions relating to bonds that do not apply when replaced with crime insurance;
- removes provisions that make it difficult or impossible to obtain crime insurance;
- modifies, in certain circumstances, the scope of the coverage that relates to a bond that will be replaced with crime insurance;
- establishes requirements relating to crime insurance;
- addresses liability relating to certain public officials;
- addresses the setting of rates and record keeping for crime insurance;
- addresses the failure to obtain crime insurance;
- repeals certain provisions relating to actions on bonds; and
- makes technical and conforming changes.
Recommended by: Political Subdivisions Interim Committee

Statutes affected:
Enrolled: 4-21-107, 4-22-108, 10-3-831, 10-8-78, 11-68-601, 17-16-4, 17-16-11, 17-53-103, 17-53-227, 17-53-307, 17B-1-301, 17B-1-303, 51-7-15, 52-1-1, 52-1-2, 52-1-3, 52-1-4, 52-1-5, 52-1-6, 52-1-10, 52-1-13, 52-2-1, 59-2-314, 59-2-315, 63G-7-805, 67-4-10, 67-4-11, 67-9-1, 67-9-2, 78B-2-310
Introduced: 4-21-107, 4-22-108, 10-3-831, 10-8-78, 11-68-601, 17-16-4, 17-16-11, 17-53-103, 17-53-227, 17-53-307, 17B-1-301, 17B-1-303, 51-7-15, 52-1-1, 52-1-2, 52-1-3, 52-1-4, 52-1-5, 52-1-6, 52-1-10, 52-1-13, 52-2-1, 59-2-314, 59-2-315, 63G-7-805, 67-4-10, 67-4-11, 67-9-1, 67-9-2, 78B-2-310