Bonding

01. Certified Copy of Bond. The plan will submit to the Director a certified copy of the fidelity bond or equivalent coverage, pursuant to Section 41-4014(3), Idaho Code. (7-1-26) 02. Scope of Coverage. The fidelity bond or equivalent coverage will cover every trustee, officer, director, and employee of the plan. (3-31-22) 03. Cancellation of Bond Requirements. The fidelity bond or equivalent coverage needs to contain language stating that it is noncancellable except upon not less than thirty (30) days advance notice in writing to the trustee and the Director. The surety is to forward a copy of any notice such bond to the Director at the same time it is forwarded to the trustee. (7-1-26)