Sec. 1770.100 - Bonding of Agents

ยง 1770.100. Bonding of Agents

The Department may require a surety bond, letter of credit or a security deposit in the form of a cashier's check or money order from any licensed sales agent, at the licensed sales agent's expense, so as to avoid any monetary loss to the State because of an agent's activities in the sale of tickets. The Department may require a financial statement revealing the financial condition of any person or organization seeking to become or continue as a licensed agent.

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Amended at 36 Ill. Reg. 14356, effective September 14, 2012

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