Minn. R. 2767.0900
Current through Register Vol. 48, No. 51, June 17, 2024
The amount of the fidelity bond required under part 2767.0400, subpart 2, item F for an administrator that does not commingle funds of either its fiduciary account or claims-paying account must be in the amount of the average daily balance of all trust accounts, or $100,000, whichever is greater, up to a maximum of $1,000,000.
The amount of the fidelity bond required under part 2767.0400, subpart 2, item F for an administrator that commingles funds of either its fiduciary account or claims-paying account must be in the amount of the average daily balance of all trust accounts, or $250,000, whichever is greater, up to a maximum of $2,000,000.
Minn. R. 2767.0900
Statutory Authority: MS s 60A.23