Ariz. Admin. Code § 20-4-206

Current through Register Vol. 30, No. 25, June 21, 2024

Section R20-4-206 - Bankers Blanket Bond Coverage - A.R.S. Section 6-188

A. Each bank shall carry at least the following basic blanket bond coverage:

Banks with Deposits of:			Amounts:
Less than $25,000,000			$300,000
25,000,000	to	35,000,000	350,000
35,000,000	to	50,000,000	450,000
50,000,000	to	75,000,000	550,000
75,000,000	to	100,000,000	700,000
100,000,000	to	150,000,000	850,000
150,000,000	to	250,000,000	1,200,000
250,000,000	to	500,000,000	1,700,000
500,000,000	to	1,000,000,000	2,500,000
1,000,000,000	to	2,000,000,000	4,000,000
2,000,000,000	to	5,000,000,000	6,000,000
5,000,000,000	to	20,000,000,000	9,000,000
Over 20,000,000,000			10,000,000

B. Each bank shall supplement the bankers blanket bond coverage with at least a $2,000,000 excess fidelity bond.

Ariz. Admin. Code § R20-4-206

Former Rule 6. R20-4-206recodified from R4-4-206 (Supp. 95-1). Amended by final rulemaking at 29 A.A.R. 1919, effective 10/8/2023.