§ 2580.412-7. Statutory provision---scope of the bond.
38 words·~1 min read·
/us/cfr/t29/s§ 2580.412-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.