§ 25-21,218.Bonds or insurance of Director of Banking and Finance as receiver of insolvent banks; premium; payment by state.

Section 25-21,218 handles a narrow but necessary cost of the state’s insolvent-bank receivership work. When the Director of Banking and Finance takes on the role of receiver for an insolvent state bank, the law may require that Director to give a bond or an equivalent commercial insurance policy. This section puts the cost of that coverage on the state, requiring the State of Nebraska to pay all premiums on those bonds or policies.

Paired with the bond exemption in section 25-21,216, the framework treats this receivership role consistently: the Director does not personally bear the expense of the bond required for the position, and the state absorbs that cost as part of supporting the receivership function.