---
title: O.C.G.A. § 34-9-129. Furnishing of bond by insurance companies doing workers’ compensation business in state; bringing of actions upon bond; posting of security in lieu of bond.
collection: code
id: 34-9-129
cite_as: O.C.G.A. § 34-9-129 (2025)
canonical_url: https://georgiacommons.org/code/34-9-129
md_url: https://georgiacommons.org/code/34-9-129.md
text_url: https://georgiacommons.org/code/34-9-129/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t34-(v26)-2017-pdf.pdf?sfvrsn=ba91129b_0#page=738
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.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: LABOR AND INDUSTRIAL RELATIONS / WORKERS’ COMPENSATION / INSURANCE OF COMPENSATION LIABILITY GENERALLY
---

# O.C.G.A. § 34-9-129. Furnishing of bond by insurance companies doing workers’ compensation business in state; bringing of actions upon bond; posting of security in lieu of bond.

Every insurance company doing a workers’ compensation business in this state shall furnish a bond payable to the state in the sum of $50,000.00 with some surety company authorized to transact business in this state as surety, in such form as may be approved by the Commissioner of Insurance, conditioned for the payment of compensation losses on policies issued by such insurance company upon risks located in this state. An action may be brought upon said bond by the board for the use and benefit of any party or parties at interest. The annual license of such company shall not be issued or renewed until it has filed with the Commissioner of Insurance of this state the bond required by this Code section. In lieu of such bond a deposit of the same amount may be made with the Office of the State Treasurer in the form of other security satisfactory to the Commissioner of Insurance.

## History

Ga. L. 1920, p. 167, § 70; Ga. L. 1933, p. 182, § 1; Code 1933, § 114-606; Ga. L. 1993, p. 1402, § 18; Ga. L. 2010, p. 863, § 2/SB 296.

## Code Commission Notes

Pursuant to Code Section 28-9-5, in 1988, ‘‘Commissioner of Insurance’’ was substituted for ‘‘Insurance Commissioner’’ throughout the Code section.