Lions Australia

1. INSURANCES CHARGED ON SEMI ANNUAL DUES ACCOUNT

1(d) Fidelity Guarantee Bonding

This policy covers mis-appropriation of cash, and the theft of goods or equipment, by a club member.

SUM INSURED: $150,000 any one Loss.
EXCESS: For Club Secretaries and Treasurers, there is NO EXCESS.
For any other Club member, there is a $1,000.00 Excess.

PREMIUM: Each Club is billed by their District Cabinet Treasurer in July of each year.

The Policy covers: (a) All Lions, Lionesses and Leos in good standing.
(b) All District Cabinet Secretaries and Treasurers.

In view of recent experiences, it is strongly recommended that all club boards request that their treasurers table a copy of the bank statements at each board meeting so as to certify that the funds are in fact, in the bank. If a Club or District suspects that there has been a loss of funds through mis-appropriation, they should inform PDG Bob Korotcoff immediately and he will guide the Club or District on what steps should be taken. It is also necessary to report the matter to the Police and there must be a successful Prosecution.

It is a Policy Requirement that any theft must be reported to the Police and a successful prosecution obtained.

The signing of blank cheques is prohibited and all cheques should be signed by at least two authorised persons.

Claims Procedure

To report a claim click here.