Title 33, Chapter 7, Section 7
( 33-7-7)
Surety insurance includes: (1) Fidelity insurance, which is insurance guaranteeing the
fidelity of persons holding positions of public or private trust; (2) Insurance guaranteeing the performance of contracts other than
insurance policies and guaranteeing and executing bonds,
undertakings, and contracts of suretyship; and (3) Insurance indemnifying banks, bankers, brokers, or financial
or moneyed corporations or associations against loss resulting
from any cause of bills of exchange, notes, bonds, securities,
evidences of debt, deeds, mortgages, warehouse receipts or other
valuable papers, documents, money, precious metals and articles
made from such metals, jewelry, watches, necklaces, bracelets,
gems, precious and semiprecious stones, including any loss while
the same are being transported in armored motor vehicles or by
messenger but not including any other risks of transportation or
navigation; also insurance against loss or damage to such an
insured's premises or to his furnishings, fixtures, equipment,
safes, and vaults in such an insured's premises caused by
burglary, robbery, theft, vandalism, or malicious mischief or any
attempt at burglary, robbery, theft, vandalism, or malicious
mischief. |