1997 Minnesota Statutes

     574.02 State may take fidelity insurance.  

    The legislative auditor, from time to time, shall make 
 surveys of each department or agency of the state government to 
 determine the employees in the department or agency whose 
 fidelity should be assured by individual bond or fidelity 
 insurance policy, and the amount of such bond or insurance 
 necessary for each such employee, and shall submit a list 
 thereof to the commissioner of administration for action 
 thereon.  The commissioner may approve in whole or in part and 
 shall certify the action taken thereon to the directing head of 
 each such department or agency, who shall require each of the 
 employees so listed to give bond to the state in the amount 
 indicated in such certificate.  The commissioner in such 
 certificate may direct that, in lieu of individual bonds so 
 required, the directing head of any such department or agency 
 shall procure and keep in effect a schedule or position 
 insurance policy, in such aggregate amount as the commissioner 
 shall direct, insuring the fidelity of such department employees 
 in the respective amounts so required, upon a form to be 
 prescribed by the legislative auditor.  Such policy may cover 
 also the subordinate officers of such department required by law 
 to give bond to the state, and in the amount which the 
 commissioner shall require.  The surety upon the bonds of all 
 state officers and state employees required under any law of the 
 state shall be a corporation authorized to act as sole surety 
 upon such official bonds, and all such bonds shall be approved 
 by the attorney general as to form and generally by the 
 legislative auditor, who shall keep an appropriate record of 
 such approval and cause such bond or policy to be filed in the 
 office of the secretary of state.  

    HIST: (9677-1) 1929 c 263 s 1; 1931 c 233 s 1; 1943 c 588 s 1; 
 1973 c 492 s 14; 1986 c 444