Municipalities collect taxes from their ratepayers and must ensure the safe-keeping of these funds. Fidelity bond coverage provides protection to rural municipalities from financial losses due to internal fraudulent acts. Money and securities coverage and registered mail coverage are included in the plan.
There are 293 rural municipalities participating in this self-insured plan, which has been operating since 1994.
For more information on this plan, please contact:
Manager of SARM Insurance and Benefit Programs
SARM Members – View Member's Only Information