1. A. An applicant shall submit the license bond amount listed for each license class.

   License Class Bond Amount

   M-9A $10,000

   M-9C $65,000

   M-9E $100,000

   D-8 $25,000

   D-10 $25,000

   D-12 $25,000

   I-10C $2,500

   I-10D $1,000

   I-10G $5,000

2. B. The Board shall not renew a license unless and until the licensee’s surety bond is in full force and effect or the full cash deposit is made or in place.

Historical Note

Adopted effective January 31, 1979 (Supp. 79-1). Amended effective October 20, 1981 (Supp. 81-5). Former Section R4-34-403 renumbered to R4-34-503, new Section R4-34-403 renumbered from R4-34-903 and amended effective July 3, 1991 (Supp. 91-3). Section repealed by final rulemaking at 6 A.A.R. 47, effective December 8, 1999 (Supp. 99-4). New Section R4-34-403 renumbered from R4-34-502 by recodification, at 27 A.A.R. 1440, with an immediate effective date of August 4, 2021 (Supp. 21-3).