(1) The following officers and employees of said department shall give bond with good and sufficient surety in the following amounts, the form of which shall together with the sufficiency of the surety be approved by the Department of Banking and Finance, conditioned for the faithful performance of their respective duties and for the proper accounting and prompt payment over to the department, or the person lawfully entitled thereto, of any and all moneys received by them in the performance of their duties. Such bonds shall further be conditioned to save the department or any person harmless from any and all damage, claims or liability which may occur as a result of any act of such officer or employee done in the scope of his or her employment or under color of his or her authority or office:

1. (a) Director, Division of Florida Highway Patrol ....... $25,000 (b) Deputy Director, Division of Florida Highway Patrol ....... 25,000 (c) Major ....... 10,000 (d) Captains ....... 5,000 (e) Lieutenants ....... 3,000 (f) All sergeants ....... 2,000 (g) Corporals and patrol officers ....... 1,000 (2) The bond premiums required under the provisions of this chapter shall be paid out of the funds of the department.
2. (3) In lieu of individual bonds, the department is authorized, with the approval of the Department of Banking and Finance, to purchase a schedule position bond to cover all employees specified in subsection (1). History.--s. 8, ch. 19551, 1939; CGL 1940 Supp. 4151(622); s. 8, ch. 20451, 1941; s. 3, ch. 24151, 1947; ss. 12, 35, ch. 69-106; s. 97, ch. 77-104; s. 1, ch. 78-144; s. 385, ch. 95-148.