Rhode Island General Laws 28-47-10. Surety bonds or other security
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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.
Terms Used In Rhode Island General Laws 28-47-10
- Director: means the director of labor and training or his or her designee unless specifically stated otherwise. See Rhode Island General Laws 28-29-2
- Group self-insurance: as used in this chapter , shall be deemed to be the system of securing compensation as provided in this chapter. See Rhode Island General Laws 28-47-1