Section 20.3.3 - 20.3.8
Revised 01/04/01
BONDS OR BLANKET CRIME POLICY FOR EMPLOYEE DISHONESTY 20.3.3
Bonds or blanket crime policy provide coverage for claims due to employee dishonesty such as theft or fraud.
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PUBLIC EMPLOYEE DISHONESTY BLANKET (CRIME POLICY) 20.3.4
The District carries a blanket crime policy, which provides coverage for all DCCCD employees except those required by law to be individually bonded.
A. Limits and Deductible
Limits: $500,000 per loss
Deductible: $1,000
B. Claims Reference Section 20.2.0 for standard procedure.
C. Responsibilities of District Risk Management During the renewal period
District Risk Management will provide information on employees and their job classifications to the insurance agent, for appropriate coverage.
D. Charges
The initial charge is made to the Prepaid Insurance Account 11-11-000000-74200. At fiscal year end, the insurance premium is distributed to account 11-XX-107080-23721 based on the payroll expense at each location.
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NOTARY BONDS 20.3.5
A. Bond Fee
The State of Texas establishes the bonding fee for Notary Publics of the DCCCD. Consult the insurance bonding agent or underwriter for current fees.
B. Execution of the Bond
C. Charges
The notary appointment fee is charged to account 11-XX-107080-23722.
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PEACE OFFICER BONDS 20.3.6
A. Approval Process
1. When a peace officer is hired, the College Executive Business Officer or designee, will submit the name of the officers to the District Human Resources Office for submission to the Board of Trustees meeting.
2. The Board will determine whether a Warrant of Appointment will be granted to the officers. The Warrant enables the officers to carry a weapon, make arrests, and obtain bonding.
3. District Risk Management will provide the names of the Board-approved officers to the insurance agent for bonding.
4. District Risk Management will receive the bonds from the insurance carrier. The bonds will be filed in the District Risk Management Department.
B. Charges
There is a fee charged for each peace officer who is bonded.
Charges are made to account 11-XX-107080-23722 based upon the number of bonded peace officers per location. Contact District Risk Management for the current fee amount.
C. Peace Officer Leaving District
1. When a peace officer terminates/resigns, the College Business Officer or designee, will submit the name to District Human Resources for submission to the board of Trustees meeting.
2. The Board will approve the termination/resignation at the Board of Trustee meeting.
3. District Risk Management will notify the insurance agent of the termination date of the peace officer.
4. The insurance carrier will notify District Risk Management of the cancellation of the bond.
D. Peace Officer Bond Annual billing Process
1. At the end of each calendar year, District Risk Management will send a message to the College Business Officer or designee, requesting a current list of employed peace officers and the names of terminated peace officers.
2. District Risk Management will submit the updated list to the insurance agent for billing.
3. The insurance carrier will forward a bill for the annual bond fee for each peace officer to District Risk Management.
4. District Risk Management will charge account 11-XX-107080-23722, the fee for the total number of bonded peace officers at each campus.
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COUNTY TAX ASSESSOR/COLLECTOR BOND 20.3.7
This bond provides coverage for the services performed by the County Tax Assessor/Collector.
1. Limits and Deductible
Limits: $1,000,000
Deductible: $0
2. Charges
The bonding fee is charged to account 11-11-107080-23722.
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SURETY (TREASURER'S) BOND 20.3.8
This bond provides coverage for the services performed by the Vice Chancellor of Business Affairs in the role of treasurer for the District.
1. Limits and Deductible
Limits: $500,000
Deductible: $0
2. Charges
The bonding fee is charged to account 11-11-107080-23722.