02 ncac 34 .0901             BONDS

(a)  For the purpose of these rules and regulations, a bond shall mean any written instrument issued or executed by a bonding, surety, or insurance company, licensed to do business in the State of North Carolina, or a cash bond or any other security approved by the committee, guaranteeing the fulfillment of the agreement between the licensee or business entity and his customer.

(b)  While the State of North Carolina does not require that termite control, or other structural pest control services, be covered by a bond, if the licensee advertises or otherwise represents himself or the company which he operates, as being bonded, the bond so advertised shall, in fact, be in force.

(c)  Any licensee or business entity advertising to be bonded shall advise each customer, in writing, in the proposal, whether or not the contract or written agreement will be covered by a bond of any type.

(d)  If the performance of the work is guaranteed by a bond, the obligation of the bond shall set forth specifically such items as:  necessary retreatments, timber replacements, etc., in wording identical to that in the bond itself.


History Note:        Authority G.S. 106‑65.29;

Eff. July 1, 1976;

Readopted Eff. November 22, 1977.