Public Official Bond
Definition of "Public official bond"
Type of surety bond that guarantees the performance of public officials. Public officials are responsible for a broad range of property including fees that they collect, money that they handle, and bank accounts that they oversee. They may also be held responsible for misdeeds that result in a loss of public funds by those they supervise. In some cases coverage is available for an entire group of employees under a public employees blanket bond.
Popular Insurance Terms
Life insurance company agency that sells ordinary life insurance and industrial life insurance. ...
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Layman description of the key features and benefits of a pension plan that must be filed with the Department of Labor. Periodic updates of this summary must also be provided to the ...
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Salesperson who markets and services insurance policies in the state in which he or she is domiciled. ...
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Professional designation earned after the successful completion of four national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as principles ...
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