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Committee approves updates to self‑insured fidelity bond program
Insurance & Commerce - Senate · April 5, 2023
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Summary
The committee passed amendments clarifying the self‑insured fidelity bond program that reimburses governmental entities for theft or dishonest acts by employees, adding consistent terminology, clarifying covered loss types and correcting a statutory citation.
The Senate Insurance & Commerce Committee voted to approve amendments that update Arkansas’s self‑insured fidelity bond program, which reimburses governmental entities for losses caused by employee theft or other dishonest acts.
Amanda Gibson, managing attorney at…
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