c) Financial Responsibility of Agents All agents, including concessionaires holding contracts with DNR, shall be required to furnish DNR with evidence of financial responsibility.
1) Agents Without Preferred Status Except as provided in subsection (c)(2), the evidence of financial responsibility shall be in the form of a surety bond, letter of credit or certificate of deposit, in an amount equal to the value of licenses, stamps and permits consigned.
2) Agents with Preferred Status A) Agents must meet the following qualifications to receive a preferred status: i) The agent must sell licenses, stamps and permits for one complete license year.ii) DNR must have received a minimum of 9 monthly current license year remittances or no sales reports between April and December (inclusive).B) If the qualifications listed in subsection (c)(2)(A) are met, the agent's consignments may total 50% over the amount of his or her financial evidence. All agents with a preferred status will be reviewed annually. If qualifications have been met, the preferred status will continue for the following license year. If the qualifications have not been met, the preferred status is removed and the agent will be consigned licenses, stamps and permits equal to the amount of financial evidence.3) Evidence of Financial Responsibility Surety bonds and letters of credit shall be on a form furnished by and approved by DNR, with surety or sureties satisfactory to DNR, conditioned upon the agent paying to the State of Illinois all monies becoming due by reason of the sale of licenses, stamps and permits.
4) Sub-Agents No agent may appoint sub-agents.