Decrease in bond amount, or waiver of bond, upon demonstration of financial condition

The secretary may review evidence provided by a licensee or applicant for license which demonstrates that the licensee's financial condition warrants a decrease in the bond amount or waiver of the bond. If the secretary determines that a decrease in the bond amount or waiver of the bond is warranted, the secretary may order a decrease in the bond amount or waive the requirement. Source: SL 1995, ch 71 , § 88; SL 1996, ch 90 , § 26.