18VAC25-21-30. Bond required.
All applicants shall submit evidence that a surety bond, executed by a surety company authorized to do business in the Commonwealth and in at least the amount of $10,000, has been obtained. Proof of current bond must be submitted in order to obtain or renew the license. The bond must commence no later than the effective date of the license and shall expire no sooner than the date of expiration of the license.
Statutory Authority
§§ 54.1-201 and 54.1-602 of the Code of Virginia.
Historical Notes
Derived from VR150-01-2:1 § 2.2, eff. August 1, 1995; amended, Virginia Register Volume 18, Issue 7, eff. February 1, 2002.
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