North Carolina Administrative Code
Title 19A - TRANSPORTATION
Chapter 03 - DIVISION OF MOTOR VEHICLES
Subchapter J - RULES AND REGULATIONS GOVERNING THE LICENSING OF COMMERCIAL TRUCK DRIVER TRAINING SCHOOLS AND INSTRUCTORS
Section .0700 - BONDING AND ADVERTISING
Section 03J .0701 - BONDS
Universal Citation: 19A NC Admin Code 03J .0701
Current through Register Vol. 39, No. 6, September 16, 2024
Prior to license approval, a school shall file with the Division a continuous "cash" or "surety" bond written by a company licensed to do business in North Carolina to indemnify any student against loss or damage arising out of the school's breach of contract between the school and the student. This bond shall be in an amount as set forth in Rule .0201(4)(f) of this Subchapter.
Authority
G.S.
20-320 through
20-328;
Eff. May 1,
1987;
Amended Eff. January 1, 1994; February 1, 1991;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. September 22,
2018.
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