Rule 120-3-27-.08. Insurance, Bond or Other Security

(1) No person shall operate a ride unless at the time, there is in existence: (a) A policy of insurance in an amount not less than (one million dollars) $1,000,000 insuring the owner or operator against liability for injury to persons arising out of the operation of the amusement ride; or (b) A bond in a like amount provided, however, that the appropriate liability of the surety under such bond shall not exceed the face amount thereof; or (c) Cash or other security acceptable to the Office. (2) The policy shall be procured from one or more insurers acceptable to the Office. Cite as Ga. Comp. R. & Regs. R. 120-3-27-.08
Authority: O.C.G.A. . Sec. 25-15-62.
History. Original Rule entitled entitled "Insurance, Bond or Other Security. Amended"adopted. F. Sep. 4, 2013; eff. Sept. 24, 2013.