§ 25-15-92. Liability Insurance, Bond, or Other Security Required

1. No person shall operate a carnival ride unless at the time there is in existence:
   1. A policy of insurance in an amount not less than $1 million (if an independent contractor) against liability for injury to persons arising out of the operation of the carnival ride;
   2. A bond in a like amount; provided, however, that the aggregate liability of the surety under such bond shall not exceed the face amount thereof; or
   3. Cash or other security acceptable to the office.
2. Regulations under this article shall permit appropriate deductibles or self-insured retention amounts to such policies of insurance. The policy or bond shall be procured from one or more insurers or sureties acceptable to the office.

History. Code 1981, § 34-13-14, enacted by Ga. L. 1986, p. 330, § 2; Ga. L. 1988, p. 950, § 4; Ga. L. 1990, p. 1945, § 1; Ga. L. 1991, p. 94, § 34; Code 1981, § 25-15-92 , as redesignated by Ga. L. 2012, p. 1144, § 4/SB 446.

The 2012 amendment, effective May 2, 2012, redesignated former Code Section 34-13-14 as present Code Section 25-15-92; substituted “office” for “department” at the end of paragraph (a)(3) and at the end of subsection (b); and substituted “article” for “chapter” in the first sentence of subsection (b).