N.J. Admin. Code § 13:20-18.12
A provider license, either initial or renewal, shall not be issued unless the applicant has filed with the Commission a surety bond in the amount of $ 10,000, issued by a company authorized to transact surety business in this State and payable to the New Jersey Motor Vehicle Commission, which surety bond shall cover the provider's obligations and performance under this subchapter. The surety bond shall be filed with each initial application and each renewal application and shall cover the entire term of the license. If a surety bond is cancelled or terminated for any reason during the term of the license, the company that issued the surety bond shall immediately notify the Chief Administrator of such cancellation or termination. The licensee shall immediately obtain and file with the Chief Administrator a replacement surety bond that shall cover the remaining term of the license.
N.J. Admin. Code § 13:20-18.12
See: 45 N.J.R. 842(a), 46 N.J.R. 103(c).
Former N.J.A.C. 13:20-18.12 was reserved.