1. A. Every public treasurer shall secure crime insurance in the amount shown in Section R628-4-4.

   1. 1. Crime insurance must be issued by:

      a) an insurer licensed to do business in Utah and having a current A.M. Best Rating of "A" or better; or

      b) an interlocal agency created under Section 11-13-101 operating as a joint self-insurance fund. A joint self-insurance fund providing crime coverage under this section must maintain a restricted account in the PTIF equal to 50% of the per occurrence limit of coverage.

2. B. Insurance should be effective as of the date the treasurer assumes the duties of the office or is sworn in.

KEY: insurance requirements, public treasurers, accounts, state and local affairs

Date of Last Change: November 7, 2025

Notice of Continuation: August 6, 2025

Authorizing, and Implemented or Interpreted Law: 51-7-15