Code of Maine Rules
18 - DEPARTMENT OF ADMINISTRATIVE AND FINANCIAL SERVICES
553 - BUREAU OF ALCOHOLIC BEVERAGES AND LOTTERY OPERATIONS (BABLO)
Chapter 10 - MAINE STATE LOTTERY
Section 553-10-7 - BONDING OF AGENTS

Universal Citation: 18 ME Code Rules ยง 553-10-7

Current through 2024-38, September 18, 2024

1. Bond. The director or director's designee may require a surety bond from any agent in an amount that the director or director's designee determines is necessary to protect the State and the State Lottery from any monetary loss because of an agent's activities in the sale of tickets. The bond, if required, is a condition of becoming or continuing as an agent for the State Lottery.

2. Financial statement. The State Lottery may require a financial statement revealing the financial condition of any person or organization seeking to become or continue to be an agent for the State Lottery. In lieu of or in addition to any surety bond which the State Lottery requires, the State Lottery may seek any other guarantee or surety, including the acquisition of a blanket bond.

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