72-308. Insolvency of employer not to release surety.
Every such policy, contract or bond shall contain a provision to the effect that the insolvency or bankruptcy of the employer and his discharge therein shall not relieve the surety from the payment of compensation for injuries received or occupational diseases contracted or death sustained by an employee during the life of such policy or contract.
[72-308, added I.C., sec. 72-308, as added by 1971, ch. 124, sec. 3, p. 422.]