Summary


The rule has been changed to give public treasurers the ability to procure either a surety bond or crime insurance through either a Utah-licensed insurer or with an inter-local agency created under Section 11-13-101. The crime insurance must be purchased through an insurer that is licensed in the State of Utah and has the same rating as a surety provider, "A" or better by AM Best Rating Agency. The inter-local public mutual must maintain a restricted account in the PTIF equal to 50% of the per occurrence limit of coverage.