04 NCAC 03F .0506 REVOCATION OR CANCELLATION OF SURETY BOND
(a) No later than 30 days after the renewal of its surety bond, a licensee shall file pursuant to Rule .0201(b) of this Subchapter:
(1) a certificate of continuation of the surety bond required by G.S. 53-208.8; or
(2) evidence of continued compliance with G.S. 53-208.8(b) which shall consist of a safekeeping receipt received directly from the trustee of securities with a par value equal to the amount of the surety bond in G.S. 53-208.8.
(b) A licensee shall notify the Commissioner in writing of revocation or cancellation of its surety bond furnished pursuant to G.S. 53-208.8.
History Note: Authority 53-208.8; 53-208.27;
Eff. February 1, 1993;
Amended Eff. November 1, 2013; June 1, 1995.