010-1 Wyo. Code R. §§ 1-3 - Definitions
As used in this Chapter and in addition to the definitions found in W.S. 11-16-102(a), the following terms are defined:
(a)A Blanket bond
means an insurance bond that applies the bond limit to the entire loss
regardless of the number of employees and supervisors involved.
(b)A Blanket position bond means an insurance
bond that applies the bond limit to the each individual employee or supervisor
covered.
(c)A Bonding means the
purchase of an insurance premium to protect the district from financial
loss.
(d)A Department means the
Wyoming Department of Agriculture.
(e) A Dishonesty bond means an insurance bond
that insures the conservation district against loss sustained through any
fraudulent or dishonest act of the employees.
(f)"Employee means any individual employed by
the conservation district that is not considered an independent
contractor.
(g) A Faithful
performance bond means an insurance bond that insures the conservation district
against loss sustained through the failure of an employee to perform faithfully
his duties or to account properly for funds.
(h) A Supervisor means an elected member of
the conservation district board.
(j) "Cash on hand" means funds in checking,
savings, and reserve accounts, or easily accessible funds.
Notes
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