Section 50. Surety bond

Latest version.

No application will be considered unless the applicant files with the Commission a bond in the amount of $50,000 dollars in the form prescribed by and with a corporate surety acceptable to the Commission and conditioned to protect its customers and the public in the manner prescribed by law. This bond must remain in effect at all times.

Historical Notes

Derived from Regulation 6, Case No. INS890007, § 5, eff. September 1, 1989.

Statutory Authority

§ 38.2-4700 et seq. of the Code of Virginia.

                    
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