New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 2200 - FINANCIAL ACCOUNTING FOR COUNTIES
Part Rev 2208 - REPORTS REQUIRED
Section Rev 2208.01 - Format Requirements for Bond Instruments
Universal Citation: NH Admin Rules Rev 2208.01
Current through Register No. 12, March 21, 2024
(a) The position schedule bond may be issued for either a one-year or a multiple-year period of coverage.
(b) If a multiple-year period of coverage is issued, the bond shall:
(1) State that the amount of coverage per
position shall be on a yearly basis; and
(2) Be cumulative to the extent of such
limits in each year of the bond.
(c) The position schedule bond(s) shall:
(1) Present a schedule showing the:
a.Name of the elected or appointed officials
that are covered;
b.Number of
officials occupying each such position; and
c.Amount of coverage on each
official;
(2) Indicate
the beginning and ending term dates;
(3) Include the signatures of the
attorney-in-fact and the witness to the attorney-in-fact; and
(4) If extended, be extended by means of a
continuation certificate which:
a.Becomes
effective as of the anniversary of the initial date of the position schedule
bond in order to provide continuous coverage;
b.States the beginning and ending term
dates;
c.States the new amount of
coverage for each official;
d.Stipulates that the limit of the coverage
for each position stated in the original bond and all continuations of that
original bond shall be cumulative to the extent of the limits stated in the
original bond in each year;
e.Includes the signatures of the
attorney-in-fact and the witness to the attorney-in-fact; and
f.Is intended by the parties to have the
legal effect of a new and separate obligation issued for the period stated
therein.
#5455, eff 8-28-92; ss by #6808, eff 7-21-98; ss by #8687, eff 7-21-06; ss by #9486, eff 6-23-09
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