Section Saf-C 2603.01 - Bond Required(a) Every licensee authorized to market or sell display fireworks and consumer fireworks pursuant to RSA 160-B:6 shall provide a bond.(b) The bond shall meet the following requirements:(1) The bond shall be issued by a surety company authorized to engage in business with the state as surety;(2) The licensee shall be the principal obligor;(3) The state shall be the obligee;(4) The state shall be listed as a certificate holder; and(5) The bond shall be under the condition that the licensee shall not violate any laws or regulations governing fireworks and to guarantee payment of any fines assessed against the licensee.(c) Any surety on any bond furnished by a licensee as provided in this section shall be released and discharged from any and all liability accruing on the bond after the expiration of 60 days from the date upon which the surety has filed a written request to be released and discharged with the commissioner.N.H. Admin. Code § Saf-C 2603.01
#5752, eff 12-2-93; ss by INTERIM #7140, eff 12-2-99, EXPIRED: 3-31-00
New. #7905, eff 6-24-03; ss by #8519, eff 12-16-05
Amended by Volume XXXV Number 10, Filed March 12, 2015, Proposed by #10784, Effective 2/13/2015, Expires 2/13/2025.