Title 31A Chapter 22 Section 107
| << Previous Section (31A-22-106) | Download Options: PDF | RTF | WordPerfect | Next Section (31A-22-201) >> |
Insurance Code | |
Contracts in Specific Lines | |
Section 107 | Bond premium allowable expense of fiduciary. |
|
31A-22-107. Bond premium allowable expense of
fiduciary.
Any fiduciary required by law, or the court in providing a surety to secure the fiduciary's performance, may include as part of the expense of executing the fiduciary responsibility a reasonable premium paid to a surety for becoming the fiduciary's surety. However, the court may not allow an expense allowance greater than the larger of 1% of the surety's maximum obligation or $25. Enacted by Chapter 242, 1985 General Session | |
| << Previous Section (31A-22-106) | Download Options: PDF | RTF | WordPerfect | Next Section (31A-22-201) >> |