Lawriter - OAC - 4141-37-02 Definition of bonding amount.

4141-37-02 Definition of bonding amount.

The term "bonding amount" means the total amount of surety bond, approved municipal or other bonds, approved securities, or a combination thereof, or other forms of collateral security approved by the director, required by law and rule to be furnished by a reimbursing employer or group of reimbursing employers. "Approved securities" are those securities approved by the director. The form and execution of the surety bond must be approved by the director.

R.C. 119.032 review dates: 05/20/2013 and 05/01/2018
Promulgated Under: 4141.14
Statutory Authority: 4141.13
Rule Amplifies: 4141.241
Prior Effective Dates: 1/1/72, 7/3/86, 5/29/90, 6/3/96, 1/15/01