§ 12305 Treasurer’S Insurance For Securities

• •The Treasurer can buy insurance to protect money and securities (like stocks or bonds) if they get lost or stolen.
• •The insurance can cover any risk that can normally be insured.
• •The insurance amount can't be more than the average amount of money and securities the Treasurer had last year.

Imagine the Treasurer’s office keeps a lot of money and important papers. One day, there’s a fire, and some of the money and papers get destroyed.

The Treasurer can buy insurance to cover the loss from the fire. But they can’t insure more than what they usually had in the office last year.