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