Section 4.1-59-10 - Bond discount1. The licensee may request a bond reduction based upon the licensee's payment policy. a. The required bond is reduced by thirty percent for a licensee that establishes and follows a payment policy approved by the commissioner of ten days or fewer.b. The required bond is reduced by fifteen percent for a licensee that establishes and follows a payment policy approved by the commissioner of eleven to twenty-one days.2. A reduction under this section may not be used to reduce required bond below the minimum bond set by law.Added by S.L. 2023 , ch. 89( HB 1393 ), § 2, eff. 7/1/2023.