New legislation was enacted regarding charter school financial officers in the state of Missouri. The new law, which is referred to as SB 291 authorizes the chief financial officer of a charter school to acquire an insurance policy supplying coverage for employee thievery in place of the surety bond required under the present law. The policy quantity can be no less than $500,000. SB 291 became active upon enactment.
Eric is the Webmaster of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.