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Fidelity Bond

Iowa County and Municipal Official Bond

This bond is required for most Iowa county and municipal officials to protect the public from losses due to wrongful or negligent acts involving public funds or duties. Bond amounts are set by statute for county officers (minimum $20,000 for most, $50,000 for county treasurers) and by local ordinance for city officers…

Overview

What it is.

This bond is required for most Iowa county and municipal officials to protect the public from losses due to wrongful or negligent acts involving public funds or duties. Bond amounts are set by statute for county officers (minimum $20,000 for most, $50,000 for county treasurers) and by local ordinance for city officers…

Who usually needs it

County and municipal officers in Iowa who handle public funds or have official duties, including county treasurers, auditors, sheriffs, assessors, recorders, county attorneys, mayors, city clerks, city treasurers, city managers, and their deputies. City council members are generally exempt unless handling funds.

Pricing & timing

What to expect.

Generic pricing

Fidelity bonds protect against employee dishonesty and theft. Typical Pricing:. • Standard coverage: Premiums commonly based on coverage amount and number of employees. • ERISA bonds: Matrix pricing based on plan assets — often starting around $100–$300 per year for smaller plans. • Employee dishonesty bonds: Rates vary by coverage level and employee count. ERISA fidelity bonds are required for employee benefit plan fiduciaries. Coverage must equal at least 10% of plan assets handled, up to…

Typical timeframe

Specialized application — typically 1–3 business days

Application

What to do next.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. Keep your effective date and renewal date on file with us.
Start the application.

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Details

Bond details.

StateIA
Bond amount$20,000
ObligeeIowa counties and cities
Bond classFidelity Bond
CategoryGovernment
BondIowa County and Municipal Official Bond
Plain descriptionThis bond is required for most Iowa county and municipal officials to protect the public from losses due to wrongful or negligent acts involving public funds or duties. Bond amounts are set by statute for county officer…
Who needs this bondCounty and municipal officers in Iowa who handle public funds or have official duties, including county treasurers, auditors, sheriffs, assessors, recorders, county attorneys, mayors, city clerks, city treasurers, city …
FAQ

Common questions.

What county and municipal officers in Iowa are required to have this bond?

County officers required to have bonds include county treasurers (minimum $50,000 bond), county auditors, sheriffs, recorders, assessors, county attorneys, and members of the board of supervisors (minimum $20,000 each). Municipal officers required to have bonds include mayors, city clerks, city treasurers/finance officers, city managers/administrators, and their deputies. City council members (including commissioners and aldermen) are generally exempt unless they handle public funds. All deputies and clerks of bonded officers also require bonds at amounts set by the board of supervisors or city council.

How are bond amounts determined for Iowa county and municipal officials?

Bond amounts for county officers are set by Iowa Code Chapter 64, with statutory minimums of $20,000 for most county officers (supervisors, county attorneys, recorders, auditors, sheriffs, assessors) and $50,000 for county treasurers. The board of supervisors may set higher amounts. For municipal (city) officers, bond amounts are determined by city ordinance or local law under Iowa Code §64.13. Cities may also use blanket surety bonds covering multiple officers. Deputies and clerks have bond amounts fixed by the board of supervisors or city council unless otherwise provided by law.

Who approves Iowa County and Municipal Official Bonds and where are they filed?

For county officers, the county auditor's bond is approved by the county treasurer, the county treasurer's bond is approved by the board of supervisors, and other county officers' bonds are typically approved by the board of supervisors or designated officials. For municipal officers, bonds are approved by the city council (or as specified by ordinance) within 5 days of presentation. County bonds are filed with the county auditor, while city bonds are recorded by the city clerk in the "Record of Official Bonds" or equivalent filing system. Failure to provide a required bond is grounds for removal from office.

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