The Commission shall delegate to designated representatives the authority to sign checks on the benefit payment account and the signature of one of such designated representatives shall be required on each such check. The Commission shall require each such representative to give a bond in such amount as the Commission shall determine for his faithful performance of his duties in connection with the benefit payment account in such form as may be prescribed by law or approved by the Attorney General. Premiums for such bonds shall be paid from the unemployment compensation administration fund. Any duly authorized representative of the Commission may draw and issue its checks on the benefit payment account for the payment of individual benefit claims.