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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 29 - Labor |
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Subtitle B - Regulations Relating to Labor |
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Chapter XXV - Employee Benefits Security Administration, Department of Labor |
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SubChapter I - Temporary Bonding Rules Under the Employee Retirement Income Security Act of 1974 |
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Part 2580 - Temporary Bonding Rules |
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Subpart B - Scope and Form of the Bond |
§ 2580.412-7 - Statutory provision - scope of the bond.
Latest version.
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§ 2580.412-7 Statutory provision - scope of the bond.
The statute requires that the bond shall provide protection to the plan against loss by reason of acts of fraud or dishonesty on the part of a plan administrator, officer, or employee, directly or through connivance with others.