Statute Or Charter Requiring Public Official To Post Or Obtain Bond; Furnishing Surety Or Fidelity Insurance Coverage By Group Self-Insurance Pool - Mich. Comp. Laws Section 124.10

Sec. 10.

The provisions of any statute or charter requiring a public official to post bond or obtain a surety bond, the premium on which may lawfully be paid by a public agency of this state, may be satisfied with surety or fidelity insurance coverage furnished by a group self-insurance pool organized under this act, including any deductible amount or other portion self-insured by the public agency itself.