Section 34-21A-16 Bond requirement for licensees.
Section 34-21A-16
Bond requirement for licensees.
In order to assure financial stability and professional competence and performance of licensees, all licensees, without exception, are required to be bonded for any work performed under the license. Minimum amounts for required bonds shall be established by the board and evidence of bond shall be provided to the board before any license will be issued. In no event may the minimum required bond amounts set by the board be less than fifteen thousand dollars ($15,000) for a basic level license, or a manufacturer's license, and thirty thousand dollars ($30,000) for an advanced level license.
(Act 99-571, p. 1265, §16.)