(1) With the advice of the head of each agency, and taking into consideration employee duties and responsibilities, the administrator shall designate individually or by class the employees required to give official bond to the state and the amount of the bond required for each individual or class.
(2)  If some other law sets forth an amount in which an employee is to be bonded, the administrator shall procure a bond in at least the amount set forth in such law, but may require a bond in a greater amount than as set forth in such law if he determines, in accordance with the procedures set forth in subsection (1) of this section, that it would be in the best interest of the state to require a bond in a greater amount.

Terms Used In Idaho Code 59-803

  • Administrator: means the administrator of the division of insurance management in the department of administration, as provided by section 67-5760, Idaho Code. See Idaho Code 59-802
  • Agency: means each department, institution, board, bureau, commission or committee of the government of the state, including state educational institutions, the supreme court and district courts, but does not include any political subdivisions of the state. See Idaho Code 59-802
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
(3)  The premium on the official surety bonds procured by the administrator in accordance with subsections (1) and (2) of this section shall be paid from funds appropriated or available for the employer or agency of the employees for which the official surety bonds are procured.
(4)  The administrator shall procure all official bonds for employees and shall, by negotiations or otherwise, endeavor to purchase the best coverage that can be obtained for the least cost.