19-502a. Purchase of burglary insurance authorized; premium payment.
19-502a
19-502a. Purchase of burglary insurance authorized; premium payment.
The county treasurer of every county in this state may purchase an
insurance policy providing indemnity for, or protection to, said county
treasurer against his liability for the loss, without fault, connivance, or
neglect on his part of money, securities, or other property for which he is
accountable, including, but not limited to, loss caused by robbery or
burglary. The principal amount of such insurance shall not exceed an amount
equal to the greatest amount of cash which was in the hands of the county
treasurer at any one time during the calendar year immediately preceding
the year in which such insurance policy is purchased, unless the board of
county commissioners shall authorize the purchase of a policy greater in
amount. The premium on said insurance policy shall be paid by the board of
county commissioners from the county general fund.
History: L. 1959, ch. 146, § 1; July 1.