309.The security by insurance policy or contract shall be made in favor of the school board, by an insurer authorized under the Insurers Act (chapter A-32.1), and accepted by resolution of the said school board.
R. S. 1964, c. 235, s. 329; 1999, c. 40, s. 159; 2018, c. 232018, c. 23, s. 7671.
309.The security by insurance policy or contract shall be made in favor of the school board, by an insurance company lawfully constituted, and accepted by resolution of the said school board.
309.The security by guarantee policy or contract shall be made in favor of the school board, by a guarantee insurance company lawfully constituted, and accepted by resolution of the said school board.