For purposes of this part:
- (a) "Continuation certificate" means a legal document between the municipality and the bonding agency used to extend the life of an original position schedule bond.
- (b) "Discovery period" means the limited time period for discovering losses and bringing claims for recovery under position schedule bonds.
- (c) "Position schedule bond" means an insurance policy to cover losses suffered through the act(s) of a municipal official or employee.
Source. #5356, eff 3-16-92, EXPIRED: 3-16-98 New. #6732, eff 4-18-98; ss by #8599, eff 4-6-06; ss by #10582, eff 5-2-14; ss by #13918, eff 3-29-24 (see Revision Note at chapter heading for Rev 1900)