Rules & Regulations of the State of Tennessee
Title 0960 - Motor Vehicle Commission
Chapter 0960-01 - General Rules
Section 0960-01-.22 - SURETY BONDS
Universal Citation: TN Comp Rules and Regs 0960-01-.22
Current through September 24, 2024
(1) The surety bond required by T.C.A. Title 55, Chapter 17, Section 111(g) and T.C.A. Title 55, Chapter 17, section 405(g) must remain and continue in force for as long as the licensee remains licensed. Upon notice of cancellation, the licensee shall either cease business operations until proof of minimum coverage is provided, or provide evidence of minimum coverage from another provider.
(2) Any surety is required to provide sixty (60) days notice of cancellation to the Commission.
Authority: T.C.A. §§ 55-17-107, 55-17-111, 55-17-114, and 55-17-402.
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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