This bill removes the requirement for a public officer insurance policy to name the state as the beneficiary.

The bill amends the current law that requires certain public officers to obtain a bond that names the state as the beneficiary for any corporation, public or private, or person injured or sustaining loss. This bill specifically removes the requirement for an insurance policy obtained in lieu of a bond to name the state as the beneficiary. The change allows public officers more flexibility in choosing the beneficiary of their insurance policies.

This bill removes the requirement for a public officer insurance policy to name the state as the beneficiary.

The bill amends the current law that requires certain public officers to obtain a bond that names the state as the beneficiary for any corporation, public or private, or person injured or sustaining loss. This bill specifically removes the requirement for an insurance policy obtained in lieu of a bond to name the state as the beneficiary. The change allows public officers more flexibility in choosing the beneficiary of their insurance policies.