SECTION 85:25-3-28. Bond waiver guidelines  


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  •   An association seeking a waiver of the bond requirement pursuant to Section 381.34 of the Code must furnish to the Commissioner a letter setting out in detail the reason for the request along with adequate documentation for the Commissioner to make a determination that bonding is either unavailable, economically infeasible, or an imprudent business decision.
[Source: Transferred from 625:10-3-9 (see Editor’s Note at beginning of this Chapter)]