United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 24-A, § 706: "Bonds" defined, 1969

“Bonds” includes specified kinds of insurance, including fidelity insurance, surety insurance, and certain bank-related indemnity insurance.

bank insurancedefinitionsfidelity insurancesurety insurance

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01

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““Bonds” includes specified kinds of insurance, including fidelity insurance, surety insurance, and certain bank-related indemnity insurance.”

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    Enacted 1969 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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"Bonds" defined

“Bonds” includes specified kinds of insurance, including fidelity insurance, surety insurance, and certain bank-related indemnity insurance.

Section 706

04

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Source record from legislature.maine.gov · Enacted 1969 · Source version 1 Oct 2025

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Interpretation
§ 706"Bonds" definedInterpretation

“Bonds” includes specified kinds of insurance, including fidelity insurance, surety insurance, and certain bank-related indemnity insurance.

The definition of "bonds" includes: [PL 1995, c. 329, §4 (AMD).] 1. Fidelity insurance, which is insurance guaranteeing the honesty of persons holding positions of public or private trust; [PL 1995, c. 329, §4 (AMD).] 2. Surety insurance guaranteeing the performance of contracts, other than insurance policies, and guaranteeing and executing bonds, undertakings and contracts of suretyship; and [PL 1995, c. 329, §4 (AMD).] 3. Insurance indemnifying banks, bankers, brokers, financial or moneyed corporations or associations against loss, resulting from any cause, of bills of exchange, notes, bonds, securities, evidences of debt, deeds, mortgages, warehouse receipts or other valuable papers, documents, money, precious metals and articles made therefrom, jewelry, watches, gems, precious and semiprecious stones, including any loss while the same are being transported in armored motor vehicles, or by messenger, but not including any other risks of transportation or navigation; also insurance against loss or damage to such an insured's premises or to the insured's furnishings, fixtures, equipment, safes and vaults therein, caused by burglary, robbery, theft, vandalism or malicious mischief, or any attempt thereat. [RR 2021, c. 1, Pt. B, §187 (COR).]
Section 706Verify source

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  • 1 Oct 2025 · currentEnglish

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