[Kevin]

An undergrad officer called me the other day asking about a provision in The Law of Sigma Nu (our governing document promulgated by our Grand Chapter) which specifies that the treasurer, i.e., the chief financial officer of the chapter is to be "bonded."

It doesn't go into any detail whatsoever -- it doesn't specify the amount of the bond or anything.

I'm assuming this is referring to some sort of a surety bond. I'm assuming that somewhere out there, there's a financial institution which issues surety/performance bonds for fraternity treasurers. Maybe not -- maybe I'm just looking for a performance bond with a certain amount of liability.

Of course I'll contact my HQ about this, but do any of y'all buy bonds on your officers? If so, what sorts of bonds do you buy and who sells them?