Aegis Security Ins. agrees to reinstate bond for Turpin

A month ago, they asked to be removed as the bonding agent for Wayne

County Clerk Melissa Turpin, but on Friday, October 16 Aegis Security

Insurance agreed to reinstate the $75,000 bond for Turpin, just two days

before the prior bond was set to expire.

Aegis Security became the bonding agent for the clerk in September,

after the previous bonding company, Great American Insurance, was released

from their surety by a ruling in Wayne Circuit Court on August 3.

Circuit Judge Vernon Miniard, Jr. gave Turpin 30 days to secure another

bond, which she did with Aegis Security Insurance on September 2.

KRS 62.055 sets bonding requirements for county clerks in Kentucky. The

amount of the required bond is determined by the size of the city that is

located in the county.

For Wayne County, that bond is $75,000.

Under the original agreement with Aegis Security Insurance, Turpin would

be bonded through December 31, 2010, which is the remainder of her term, at

a cost of $12,750. But less than two weeks later the company notified county

officials that the bond would be canceled as of October 18.

Since this bond has already been approved by fiscal court, magistrates

will not be required to take action. The bond fee for Turpin is paid for by

the clerk's fee account.