(A) The Town Council may purchase a crime insurance policy endorsed to include faithful performance of all employees, commission members, and persons acting on behalf of the town, including but not limited to, town judges and clerk-treasurers, auditors, treasurers, recorders, surveyors, sheriffs, coroners, assessors, clerks and employees directed to file an individual bond by the fiscal body of the town in lieu of surety bond for individuals.
(B) Unless it is canceled, the crime insurance policy must continue in force for the term of office of the individual who files the policy.
(C) The aggregate liability of the surety or insurer is the amount specified in the policy.
(D) It is the policy of the town to comply with all provisions of the Indiana Code. If a policy of the town and a provision of the Indiana Code regarding crime insurance policies under I.C. 5-4-1-18 conflict, the Indiana Code will be deemed to be the policy of the town and will be enforceable as if specifically written in this policy.
(Ord. 2018-1, passed 3-20-2018)