Iowa Admin. Code r. 661-13.8
Current through Register Vol. 47, No. 5, September 4, 2024
It is required that the requesting railroad company submit a surety bond in the amount of $5,000 for the person to be appointed. Such surety bond in the amount stated shall be issued by a bonding or surety company licensed through the Iowa insurance commission to do business in the state of Iowa. The surety bond shall name the railway special agent and the bond shall state that the bonded person is a duly appointed railway special agent. Surety bonds shall be issued for each person and shall remain in effect until 30 days after the company providing the bond gives notice to the department that the bond will be terminated.
Iowa Admin. Code r. 661-13.8