(a) The Commissioner shall require each administrator to have and maintain a fidelity bond pursuant to Code Section 33-23-102.
(b) Errors and omissions coverage or other appropriate liability insurance in an amount which is not less than that specified by the rules and regulations of the Commissioner shall be maintained at all times by an administrator of a fund; and a certificate by the insurer or other appropriate evidence of such coverage shall be filed with the Commissioner by the fund.
(c) Each administrator shall maintain an office in this state for the payment, processing, and adjustment of the claims of the fund or funds which it represents.
Section: Previous 34-9-160 34-9-161 34-9-162 34-9-163 34-9-164 34-9-165 34-9-166 34-9-167 34-9-168 34-9-169 34-9-170 34-9-171 34-9-172 34-9-173 34-9-174 NextLast modified: October 14, 2016