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Ohio Administrative Code (Last Updated: January 12, 2021) |
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4141 Department of Job and Family Services |
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Chapter4141-37. Reimbursing Employer |
4141-37-02. Definition of bonding amount
Latest version.
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The term "bonding amount" means the total amount of surety bond, approved municipal or other bonds, approved securities, or a combination thereof, or other forms of collateral security approved by the director, required by law and rule to be furnished by a reimbursing employer or group of reimbursing employers. "Approved securities" are those securities approved by the director. The form and execution of the surety bond must be approved by the director.