§ 28-47-10. Surety bonds or other security.
For the purpose of this chapter, the amount of surety bond, trust fund, or other adequate security required for group self-insurance plans shall be determined by the director by rule or regulation. If the director requires the group self-insurer to provide security other than a surety bond, the security that the director requires shall reside in Rhode Island and shall be in the form the director requires.
History of Section.P.L. 1982, ch. 32, art. 3, § 1; P.L. 1993, ch. 234, § 1; P.L. 1993, ch. 299, § 1.
Structure Rhode Island General Laws
Title 28 - Labor and Labor Relations
Chapter 28-47 - Workers’ Compensation — Group Self-Insurance
Section 28-47-1. - Definitions.
Section 28-47-2. - Adoption of plan of group self-insurance.
Section 28-47-3. - Notice to group — Jurisdiction — Insolvency — Termination.
Section 28-47-4. - Identifying information.
Section 28-47-5. - Termination of group.
Section 28-47-6. - Rules and regulations.
Section 28-47-7. - Classification of group self-insurers.
Section 28-47-8. - Advisory committee for group self-insurance.
Section 28-47-9. - Audit of group self-insurance.
Section 28-47-10. - Surety bonds or other security.
Section 28-47-11. - Assessment against group self-insurers.
Section 28-47-12. - Premium taxes and assessments.
Section 28-47-13. - Reinsurance.
Section 28-47-14. - Form of entity of group self-insurer.
Section 28-47-15. - Employee leasing company self-insurance.