Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
302 - BOARD OF LICENSURE OF AUCTIONEERS
Chapter 30 - QUALIFICATIONS FOR LICENSURE
Section 302-30-1 - Bond Required
Universal Citation: 02 ME Code Rules ยง 302-30-1
Current through 2024-13, March 27, 2024
A. Each applicant for initial and renewal licensure must furnish evidence of a $10,000 surety bond payable to the Treasurer of the State of Maine and issued by a surety company approved by the Bureau of Insurance and licensed to do business in the State of Maine.
B. An applicant for initial licensure or renewal may be required by the Board, when necessary to protect the public, to obtain an additional bond in an amount determined appropriate by the Board.
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