Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 77 - CONTRACTORS
Subchapter 11 - OWNERSHIP AND MANAGEMENT OF LICENSE
Section 16-77-76 - Maintenance of bond
Universal Citation: HI Admin Rules 16-77-76
Current through February, 2024
(a) All licensees shall be required to maintain any surety bond imposed by the board for at least one year before requesting a waiver of the surety bond.
(b) The board may, in its discretion, waive the surety bond if a licensee demonstrates that it has financial integrity. The board may require a licensee to submit current credit reports, current financial statements, a current state tax clearance or proof of payment arrangement, and other documents to show evidence of financial integrity.
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