---
title: O.C.G.A. § 20-2-2011. Bond, liability insurance, and claim office of administrator.
collection: code
id: 20-2-2011
cite_as: O.C.G.A. § 20-2-2011 (2025)
canonical_url: https://georgiacommons.org/code/20-2-2011
md_url: https://georgiacommons.org/code/20-2-2011.md
text_url: https://georgiacommons.org/code/20-2-2011/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch1-2a-(v17)-2022-pdf.pdf?sfvrsn=9db936c6_0#page=901
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/20-2.md
previous: https://georgiacommons.org/code/20-2-2010.md
next: https://georgiacommons.org/code/20-2-2012.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: EDUCATION / ELEMENTARY AND SECONDARY EDUCATION / INTERLOCAL RISK MANAGEMENT AGENCY
---

# O.C.G.A. § 20-2-2011. Bond, liability insurance, and claim office of administrator.

(a) The Commissioner shall require each administrator to have and maintain a fidelity bond in an amount which the Commissioner deems appropriate but which is not less than $100,000.00.

(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.

## History

Code 1981, § 20-2-2011, enacted by Ga. L. 1986, p. 1172, § 1.