375-2-2-.03 Bond of Agents. Amended.
Each agent shall give bond conditioned as the Commissioner may require, and in such amount as the Commissioner may deem necessary and proper, not exceeding $250,000.00, to adequately protect the State. The bond shall be executed by a surety corporation licensed to do business in Georgia, as surety, and the premiums shall be paid by the Department. The bond shall run to the Governor of Georgia and his successors in office and shall be approved as to conditions, form and sufficiency by the Commissioner.
Authority: O.C.G.A. § 40-2-24.
Filed Date: 3/6/2002
Effective Date: 3/26/2002