Section 312 IAC 25-5-11 - Surety bonds; types and conditionsAuthority: IC 14-34-2-1
Affected: IC 14-34-3; IC 14-34-6; IC 14-34-9; IC 14-34-10
Sec. 11.
(a) The bond shall be executed by the operator and a corporate surety licensed to do business in Indiana. Surety bond coverage for permitted lands not disturbed may be canceled with the consent of the director.(b) Surety bonds shall be noncancelable during their term. Natural Resources Commission; 312 IAC 25-5-11; filed Jun 21, 2001, 2:53 p.m.: 24 IR 3505, eff Dec 1, 2001; readopted filed May 29, 2007, 9:51 a.m.: 20070613-IR-312070146RFA; readopted filed Sep 19, 2013, 10:12 a.m.: 20131016-IR-312130125RFAReadopted filed 3/26/2019, 3:40 p.m.: 20190424-IR-312190011RFA