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El. Bd. Op. 1979-05

79-5OpElBd.pdf8.1 KB

A corporation which establishes and administers a separate segregated fund under §11.38 (l)(a)2., Stats., may purchase and pay premiums on officers' and directors' liability insurance, general liability insurance and fidelity bonds for the fund (Issued to Thomas J. Sobota, December 13, 1979)

This opinion was reviewed by the Government Accountability Board pursuant to 2007 Wisconsin Act 1 and was reaffirmed on October 6, 2008.