Tenn. Comp. R. & Regs. 0780-01-27-.06
Current through June 26, 2024
Such fidelity bond coverage may contain a provision for a deductible amount from any loss which, except for such deductible provision, would be recoverable from the surety, but no such deductible amount shall be in excess of $500 for all losses involving the same person in any case where the base for the fidelity bond coverage is $10,000,000 or less, or in excess of $1,000 where the base for the fidelity bond coverage is in excess of $10,000,000.
Tenn. Comp. R. & Regs. 0780-01-27-.06
Authority: T.C.A. §45-1303.