Indiana § 12-21-3-3 - Performance bonds and crime policies
Full text of Indiana Indiana Code § 12-21-3-3 — Performance bonds and crime policies, with citation guidance and answers to common questions.
§ 12-21-3-3. Performance bonds and crime policies
Sec. 3. (a) An officer or employee of the division shall, as the director requires, furnish a bond or crime policy endorsed to include faithful performance in the amount the director determines payable to the state and conditioned upon the faithful performance of the individual's duties.
(b) The bonds or crime policies are subject to approval by the insurance commissioner and shall be filed in the office of the secretary of state.
(c) The premiums for the bonds are payable from the money of the division.
(d) The director may secure a standard form blanket bond or crime insurance policy endorsed to include faithful performance covering all or any part of the officers and employees of the department. However, the blanket bond or crime insurance policy must be in an amount not less than fifty thousand dollars ($50,000).
(e) The commissioner of insurance shall prescribe the form of the bonds or crime policies required by this section.
[Pre-1992 Revision Citation: 16-13-1-29 part.]
As added by P.L.2-1992, SEC.15. Amended by P.L.49-1995, SEC.8.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 12-21-3-3
What does Indiana Code § 12-21-3-3 cover?
Section 12-21-3-3 ("Performance bonds and crime policies") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 12-21-3-3?
A common citation format is "Indiana Code § 12-21-3-3" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 12-21-3-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.