Current through September, 2024
Section 16-77-76 - Maintenance of bond(a) All licensees shall be required to maintain any surety bond imposed by the board for at least one year before requesting a waiver of the surety bond.(b) The board may, in its discretion, waive the surety bond if a licensee demonstrates that it has financial integrity. The board may require a licensee to submit current credit reports, current financial statements, a current state tax clearance or proof of payment arrangement, and other documents to show evidence of financial integrity.[Eff and comp 12/9/02; comp 4/15/04] (Auth: HRS § 444-4) (Imp: HRS §§ 444-11.1, 444-16.5)