05.13.040 Insurance.
The CFO shall incorporate in the internal control systems of the Tribe such insurance and risk management procedures as are appropriate to protect and safeguard Tribal assets. Procedures shall include the selection of insurance policies considered necessary to protect the interests of the Tribe. Such policies and activities shall include:
(1) A policy of liability insurance, which shall insure the tribal council and administrators of the Tribe for errors and omissions in carrying out tribal business.
(2) An employee fidelity bond covering all employees having access to or responsibilities over monies and other assets of the Tribe.
(3) Property and casualty policies providing for the replacement of assets lost due to fire, theft or other casualty.
(4) Such liability policies as are considered appropriate to tribal business. [Res. 22-120, 2022.]