The Utah Corporate Indemnity Bond of Investment Adviser (With Custody) is a type of surety bond required by the Utah Division of Securities for Investment Advisers that have custody of their clients’ funds or securities. This bond is a guarantee that the Investment Adviser with custody will handle the client's funds and securities in accordance with all applicable state regulations. It is also a requirement for Investment Advisers that are registered with the state of Utah. The bond must be written in the amount of $50,000 and must be issued by a surety company that is authorized to do business in the state of Utah. The bond must remain in force for the duration of the Investment Adviser's registration with the state and must be renewed prior to its expiration date. There are two types of Utah Corporate Indemnity Bond of Investment Adviser (With Custody): the Investment Adviser Irrevocable Indemnity Bond, which is a blanket bond, and the Investment Adviser Separate Account Indemnity Bond, which is a bond for each separate account. The Irrevocable Indemnity Bond is a guarantee that the Investment Adviser will protect their clients’ funds and securities up to the amount of the bond’s face value. The Separate Account Indemnity Bond provides protection for each separate account separately, up to the amount of the bond’s face value.