Section Lab 408.04 - Surety Bond(a) All applicantsshall provide financial assurance as follows: (1) The applicant shall attempt in good faith to obtain a surety bond issued by an insurance company licensed to do business in the State of New Hampshire in a minimum amount of $100,000; and(2) If the applicantcannot obtain sucha bond, then another form of security, including, but not limited to, cash or negotiable securities in an amount equal to $100,000shall be set aside in an escrow account with a financial institution licensed to do business in the state of New Hampshire.(b) The surety bond or escrow accountshall be payable to the commissioner to ensure the financial protection of the TPA's customers, subject to the dollar limitation of the surety bondor escrow account.N.H. Admin. Code § Lab 408.04
#7142, eff 11-24-99, EXPIRED: 11-24-07
New. #9878-A eff 2-25-11
Amended by Volume XXXIX Number 28, Filed July 11, 2019, Proposed by #12815, Effective 6/26/2019, Expires 6/26/2029.