KRS 62.170: Bonds of state employees -- Blanket bonds -- Amount -- Insurance

companies that may participate.

(1) The secretary of the Finance and Administration Cabinet shall secure, except for

state officers required by KRS 62.160 to file bond, blanket bonds, wit h or without

cosureties, written on a blanket position form, to cover all other officers, employees,

or deputies of the Commonwealth of Kentucky, including all judges, clerks, and

employees of the Court of Justice, including all other members of boards or

commissions or employees of those boards or commissions, and including all

superintendents, receivers, or employees of penal or eleemosynary institutions

managed or directed by the Justice and Public Safety Cabinet, the Cabinet for

Health and Family Servic es, or any other department or agency of the

Commonwealth of Kentucky. Nothing in this subsection shall be deemed to prohibit

the securing of any such blanket position bond on a departmental, board,

commission, agency, or institutional basis.

(2) The secre tary of the Finance and Administration Cabinet may secure one (1) or

more excess blanket bonds, with or without cosureties, to cover selected groups of

persons covered by the bond or bonds required in the preceding paragraph to

provide additional coverage which he or she may deem necessary by the exposures

indicated in accordance with the duties and responsibilities indicated by the

personnel classification schedules of the Personnel Cabinet and, for Court of Justice

officers and personnel, by the Administr ative Office of the Courts and in

accordance with the amounts of money and property handled by the respective

officers and employees.

(3) Such bond or bonds shall be written by and participated in only by insurance

companies licensed by the Department of I nsurance to do business in this state and

shall be countersigned by a duly authorized licensed resident agent of the company.

The bonds may be written with or without cosureties. Further, the bonds are to be a

percentage of the total risks, the Department of Insurance to approve the amount of

the risk written by any one (1) company.

(4) The penal amount of the bond secured pursuant to this section shall be fixed by the

secretary of the Finance and Administration Cabinet in accordance with the duties

and res ponsibilities indicated by the personnel classification schedules of the

Personnel Cabinet and, for Court of Justice officers and personnel, by the

Administrative Office of the Courts, and in accordance with the amounts of money

and property handled by the respective officers and employees.