22 Guam Code Ann. § 9133
Terms Used In 22 Guam Code Ann. § 9133
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
(1) By insuring and keeping insured the payment of such compensation with any stock corporation or mutual association authorized by the Commission to transact the business of workers’ compensation insurance in Guam.
(2) By obtaining and keeping in force guarantee insurance with any company authorized by the Com mission to do such guarantee business within Guam.
(3) The government of Guam may make compensation payments under the provisions of this Title from the special fund referred to in § 9143.
(b) In granting authorization to any carrier to insure payment of compensation under this Title, the Commission may take into consideration the recommendation of any authority having supervision over carriers or over workers’ compensation, and may authorize any carrier to insure the payment of compensation under this Title in Guam. The Commission may suspend or revoke any such authorization for good cause shown after a hearing at which the carrier shall be entitled to be heard in person or by counsel, and to present evidence. No suspension or revocation shall affect the liability of any carrier already incurred.
SOURCE: GC § 37032.
2020 NOTE: References to “”the Territory”” removed and altered to
“”Guam”” pursuant to 1 Guam Code Ann. § 420.
22 Guam Code Ann. BUSINESS REGULATIONS
CH. 9 WORKER’S COMPENSATION
Pursuant to the authority granted by 1 GCA § 1606, the previous
Compiler corrected a manifest error in subsection (b).