13 .0305 - CANCELLATION OF SURETY BOND

13 .0305. CANCELLATION OF SURETY BOND

If the surety bond as specified in G.S. 58-35-15(a) is cancelled for any reason during the period a premium finance company holds a valid license from the Department, the licensee shall be notified in writing by the Commissioner that its license is void until such time as a proper surety bond is received by the Department.

(Authority G.S. 58-2-40; 58-35-15(a); Eff. February 1, 1976; Readopted Eff. January 1, 1978; Amended Eff. April 8, 2002; May 1, 1989.)

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