Before the issuance or renewal of a permit an applicant for a permit shall deposit with the department a numbered surety bond for $10,000. A separate bond must be furnished to the department for each kind of agency for which a permit is sought. A separate bond is not required for a branch office of an agency. The bond must be in a form prescribed by the department.

(In effect before 7/28/59; am 6/23/74, Register 50; am 12/31/80, Register 76)

Authority: AS 23.15.360, AS 23.15.500