                                 CODE OF VIRGINIA

FIDELITY BOND REQUIRED (§ 38.2-4008)

As a condition of licensing, each burial society, on behalf of its officers who
are charged with the duty of handling its funds, shall obtain, and thereafter
for as long as the license remains in effect keep in force, a surety bond with
corporate security approved by the Commission. The bond shall be in an amount,
not less than $10,000 nor more than $100,000, to be fixed by the Commission. The
bond shall secure to the society and its members the faithful performance of its
officers&#8217; duties and a proper accounting of its funds. The Commission may
require the society to provide certification of compliance with the requirements
of this section.

HISTORY: Code 1950, § 38-148; 1952, c. 317, § 38.1-558; 1986, c. 562; 2001, c.
706; 2002, c. 147.