Kan. Admin. Regs. § 115-10-7

Current through Register Vol. 43, No. 46, November 14, 2024

Section 115-10-7 - Reduction or increase in special surety bond

(a) Each special surety bond, once authorized and in effect, shall not be reduced within the premium period.

(a) Any special surety bond may be increased after the vendor agent has:

(1) supplied the secretary with information the secretary determines necessary to process the amendment application;

(2) paid the required premium for the increased amount, prorated to the bond premium period; and

(3) justified the increase to the secretary.

Kan. Admin. Regs. § 115-10-7

Authorized by K.S.A. 1989 Supp. 32-807; implementing K.S.A. 1989 Supp. 32-985; effective April 30, 1990.