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.
History. Code 1933, § 114-902, enacted by Ga. L. 1977, p. 608, § 1.
Structure Georgia Code
Title 34 - Labor and Industrial Relations
Chapter 9 - Workers’ Compensation
Article 9 - Subsequent Injury Trust Fund
§ 34-9-350. Purpose and Construction of Article
§ 34-9-351.1. Exclusion From Eligibility for Reimbursement of Certain Self-Insured Employers
§ 34-9-352. Creation and Authority of Subsequent Injury Trust Fund; State Treasurer as Custodian
§ 34-9-353. Surety Bonds of Administrator and Custodian
§ 34-9-355. Appointment of Administrator; Administration of Article; Members of Retirement System
§ 34-9-358. Payment of Assessments to Fund by Insurers and Self-Insurers; Calculations
§ 34-9-359. Reports by Employers of Compensation and Benefits Paid; Failure to Pay Assessments
§ 34-9-361. Employer’s Knowledge of Employee’s Preexisting Permanent Impairment
§ 34-9-362. Notice by Employer or Insurer of Claim Against Fund; Request for a Hearing
§ 34-9-364. Apportionment or Denial of Reimbursement for Expenses Paid by Employer or Insurer
§ 34-9-365. Injuries to Which Article Is Applicable
§ 34-9-366. Binding of Fund to Questions Determined in Proceedings to Which It Was Not a Party
§ 34-9-367. Liability of Fund for Interest or Attorney’s Fees