Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 29 - Labor |
Subtitle B - Regulations Relating to Labor |
Chapter XXV - Employee Benefits Security Administration, Department of Labor |
SubChapter I - Temporary Bonding Rules Under the Employee Retirement Income Security Act of 1974 |
Part 2580 - Temporary Bonding Rules |
Subpart B - Scope and Form of the Bond |
§ 2580.412-8 - The nature of the duties or activities to which the bonding requirement relates.
Latest version.
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§ 2580.412-8 The nature of the duties or activities to which the bonding requirement relates.
The bond required under section 13 is limited to protection for those duties and activities from which loss can arise through fraud or dishonesty. It is not required to provide the same scope of coverage that is required in faithful discharge of duties bonds under the Labor-Management Reporting and Disclosure Act of 1959 or in the faithful performance bonds of public officials.