Rule 40-21-8-.05 - Cash Deposit(1) Cash deposits may be made in any bank of applicant's choice. Certificate of Deposit shall be made payable jointly to the depositor and the Georgia Commissioner of Agriculture; shall be endorsed by depositor and shall be maintained in the custody of the Commissioner of Agriculture during the period licensed and for 90 days thereafter. Deposits shall be in the following minimum amounts to cover legal damages arising from the use of chemicals, dusting powders and the like, employed by the depositor in his regular business operations: (a) Aerial Contractors | $50,000 |
(b) Ground Contractors | $20,000 |
(2) Cash deposits shall be subject to the same deductible amounts as the liability insurance and surety bonds, namely: (a) Aerial Contractors | $1,000 |
(b) Ground Contractors | $500 |
Ga. Comp. R. & Regs. R. 40-21-8-.05
Ga. L. 1976, p. 369, O.C.G.A. Sec. 2-7-90, et. seq.
Original Rule entitled "Cash Deposits" was filed on June 24, 1974, as 40-21-1-.05; effective July 14, 1974.Amended: Rule repealed and a new Rule entitled "Cash Deposit" adopted. Filed July 5, 1977; effective July 25, 1977.Amended: Rule renumbered as 40-21-8-.05. Filed July 10, 1978; effective July 30, 1978.Amended: Filed May 17, 1984; effective June 6, 1984.