{"data":{"id":"us-ky/krs-62.170","jurisdiction":"us-ky","citation":"KRS 62.170","heading":"Bonds of state employees -- Blanket bonds -- Amount -- Insurance","body":"companies that may participate.\n(1) The secretary of the Finance and Administration Cabinet shall secure, except for\nstate officers required by KRS 62.160 to file bond, blanket bonds, wit h or without\ncosureties, written on a blanket position form, to cover all other officers, employees,\nor deputies of the Commonwealth of Kentucky, including all judges, clerks, and\nemployees of the Court of Justice, including all other members of boards or\ncommissions or employees of those boards or commissions, and including all\nsuperintendents, receivers, or employees of penal or eleemosynary institutions\nmanaged or directed by the Justice and Public Safety Cabinet, the Cabinet for\nHealth and Family Servic es, or any other department or agency of the\nCommonwealth of Kentucky. Nothing in this subsection shall be deemed to prohibit\nthe securing of any such blanket position bond on a departmental, board,\ncommission, agency, or institutional basis.\n(2) The secre tary of the Finance and Administration Cabinet may secure one (1) or\nmore excess blanket bonds, with or without cosureties, to cover selected groups of\npersons covered by the bond or bonds required in the preceding paragraph to\nprovide additional coverage which he or she may deem necessary by the exposures\nindicated in accordance with the duties and responsibilities indicated by the\npersonnel classification schedules of the Personnel Cabinet and, for Court of Justice\nofficers and personnel, by the Administr ative Office of the Courts and in\naccordance with the amounts of money and property handled by the respective\nofficers and employees.\n(3) Such bond or bonds shall be written by and participated in only by insurance\ncompanies licensed by the Department of I nsurance to do business in this state and\nshall be countersigned by a duly authorized licensed resident agent of the company.\nThe bonds may be written with or without cosureties. Further, the bonds are to be a\npercentage of the total risks, the Department of Insurance to approve the amount of\nthe risk written by any one (1) company.\n(4) The penal amount of the bond secured pursuant to this section shall be fixed by the\nsecretary of the Finance and Administration Cabinet in accordance with the duties\nand res ponsibilities indicated by the personnel classification schedules of the\nPersonnel Cabinet and, for Court of Justice officers and personnel, by the\nAdministrative Office of the Courts, and in accordance with the amounts of money\nand property handled by the respective officers and employees.","path":["KRS Chapter 62"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23142","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:17Z","sha256":"2f0cd4b2e9257a651aad2fd2c39d561f146d9c8371c826a31297a0e131b0c501","source_id":"us-ky","stale":false,"prev":"us-ky/krs-62.160","next":"us-ky/krs-62.180"},"notice":"GroundRules: Original legal text. Not legal advice."}