Haw. Code R. § 16-117-27 - Renewal of bond or irrevocable letter of credit coverage
(a) Each activity desk providing a bond or a
letter of credit with a coverage amount of less than $100,000 shall submit a
notarized annual report at least four months before the anniversary date of the
activity desk's coverage.
(b)
Replacement bonds or letters of credit shall provide coverage as necessary
according to the average monthly net sales revenue of the preceding
twelve-month period in accordance with § 16-117-26.
(c) Any downward adjustment of coverage shall
not be less than $50,000.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.