GEORGIA CODE (Last Updated: August 20, 2013) |
Title 34. LABOR AND INDUSTRIAL RELATIONS |
Chapter 9. WORKERS' COMPENSATION |
Article 9. SUBSEQUENT INJURY TRUST FUND |
Section 34-9-353. Surety bonds of administrator and custodian
Latest version.
- The administrator and the custodian, before entering upon the performance of their duties, shall each execute and file an official surety bond of not less than $50,000.00. The bonds shall be approved as to form and sufficiency by the Attorney General. The bonds shall be payable to the Subsequent Injury Trust Fund and conditioned upon the faithful performance of the respective duties of the administrator and custodian. The premium for the bonds shall be paid out of the moneys of the Subsequent Injury Trust Fund.
Code 1933, § 114-902, enacted by Ga. L. 1977, p. 608, § 1.