St. Paul Fire & Marine Insurance v. Industrial Commission

The issue presented in this action is whether the court of appeals properly determined the extent of appellant’s liability under the terms of the surety bond. For the reasons that follow, we answer in the affirmative and uphold the decision of the court of appeals.

*18Our analysis of the cause sub judice centers around an interpretation of the relevant language of the surety bond. The bond provides that if the principal pays compensation and benefits to its employees as required under the workers’ compensation laws, the obligation of the surety is null and void subject to the following conditions: