Georgia § 25-15-92 Liability insurance, bond, or other security required

Georgia Statutes

§ 25-15-92 — Liability insurance, bond, or other security required

(a)No person shall operate a carnival ride unless at the time there is in existence:

(1)A policy of insurance in an amount not less than $1 million (if an independent contractor) against liability for injury to persons arising out of the operation of the carnival ride;

(2)A bond in a like amount; provided, however, that the aggregate liability of the surety under such bond shall not exceed the face amount thereof; or (3) Cash or other security acceptable to the office.

(b)Regulations under this article shall permit appropriate deductibles or self-insured retention amounts to such policies of insurance. The policy or bond shall be procured from one or more insurers or sureties acceptable to the office.

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(a) No person shall operate a carnival ride unless at the time there is in existence: (1) A policy of insurance in an amount not less than $1 million (if an independent contractor) against liability for injury to persons arising out of the operation of the carnival ride; (2) A bond in a like amount; provided, however, that the aggregate liability of the surety under such bond shall not exceed the face amount thereof; or (3) Cash or other security acceptable to the office. (b) Regulations under this article shall permit appropriate deductibles or self-insured retention amounts to such policies of insurance. The policy or bond shall be procured from one or more insurers or sureties acceptable to the office.

Georgia § 25-15-92 (Liability insurance, bond, or other security required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.