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Click ‘Get Form’ to open it in the editor.
Begin by entering the 'Name of Public Officer' in the designated field. Ensure that the name is spelled correctly for accurate record-keeping.
Next, fill in the 'Designation' of the public officer. This helps clarify their role and responsibilities within the agency.
Input the 'Amount of Accountability' which reflects the financial responsibility assigned to the officer. Double-check this figure for accuracy.
In the 'Remarks' section, indicate if there are any pending cases associated with this officer. If applicable, provide details about the nature of these cases.
For renewal forms, specify the 'Effective Date' and include relevant bond information such as 'Risk No.', 'Amount of Bond', and 'Premium'.
Finally, ensure that both prepared by and certified sections are completed with signatures and printed names for validation.

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What does a fidelity bond do?

Fidelity Bonding is a business insurance policy that protects employers against employee dishonesty, theft or embezzlement. A fidelity bond is no-cost insurance coverage from $5,000 up to $25,000 that enables employers to hire job applicants considered to be at risk due to their past life experiences.

What exposure does the public official bond cover?

Individuals who typically must be bonded include union officers (both elected and non-elected), employees such as business agents, trustees, key administrative and professional staff, and clerical personnel.

What is the fidelity bond for accountable officers?

Fidelity Bond is an insurance of bondable public officer under the Fidelity Fund to assure:  faithfully perform all the duties imposed by law upon him;  faithfully account all funds and public property coming into his possession, custody of control.

What is an example of accountability of a public officer?

Revised Penal Code (RPC): Public officers are also liable for specific crimes under the RPC, including: Malversation of public funds or property (Art. 217); Direct bribery (Art. 210); Indirect bribery (Art. 211); Dereliction of duty or failure to prosecute or arrest offenders (Art. 208).

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