Section 33-18-7. Bond of treasurer; deposit of funds collected from members or subscribers

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(a) The treasurer of a medical service corporation shall be required to give a fidelity bond with corporate surety in such sum as may be determined by the officers of the medical service corporation.

(b) All funds collected from the members or subscribers of the medical service corporation shall be deposited to the account of the medical service corporation in a bank which is a state depository.

Code 1933, § 56-1816, enacted by Ga. L. 1960, p. 289, § 1.

                    
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