W. Va. Code R. § 61-11B-4

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 61-11B-4 - Bond Requirements

4.1 The amount of bond required is no less than five thousand dollars ($5,000) for an apprentice auctioneer and no less than twenty-five thousand dollars ($25,000) for an auctioneer or auction house. Corporate surety bonds shall be on forms provided by the Commissioner. A bond in an amount higher than these minimums may be imposed by the Commissioner upon recommendation of the Board of Review, as set_forth in section 15.2.

4.2. All corporate surety bonds shall be executed by a company authorized to do business in the State of West Virginia as determined by the Secretary of State.

4.3. An apprentice auctioneer applicant is not required to have a bond in place prior to testing; however, they shall submit a properly executed bond to West Virginia Department of Agriculture before the Department will issue the license.

W. Va. Code R. § 61-11B-4