342. The Commission where it believes it necessary in order to ensure prompt payment of benefits, may require an employer who is personally liable for the payment of benefits, his insurer, or his surety or warrantor, as the case may be, to deposit, from time to time, sums out of which it may pay the benefits he is liable to pay as and when employment injuries occur.
The deposit may be required for as long as the benefits are payable but the sum required shall not exceed the amount of benefits the employer is personally liable to pay for a period of three months.