Idaho Code § 69-208A
The amount of bond to be furnished for each warehouse shall be fixed at whichever of the following amounts is greater:
Subsequent to determining whichever of the preceding amounts is greater, and based on that amount, the amount of bond shall be calculated as follows:
Gross Dollars: | Amount of Bond: |
$0 - $450,000 | $20,000 bond or 6% of the gross dollars, whichever is less |
$450,001 - $1,000,000 | $40,000 bond |
$1,000,001 - $8,000,000 | $100,000 bond |
Over $8,000,000 | $500,000 bond |
Any other bond that may be required shall be separate and in addition to the bond listed here. In any case, the amount of the bond shall not be more than five hundred thousand dollars ($500,000). This bond shall run continuously with the warehouse license until suspended, revoked or canceled by the bonding company. A ninety (90) day written notice shall be given to the department by the bonding company before any bond is suspended, revoked or canceled. The director reserves the right to waive the ninety (90) day cancellation period.
Idaho Code § 69-208A