Tenn. Comp. R. & Regs. 0780-01-27-.06

Current through December 10, 2024

Section 0780-01-27-.06 - AMOUNT OF DEDUCTIBLE

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

Original Rule certified June 10, 1974.

Authority: T.C.A. §45-1303.