HAR §16-77-76
HAR §16-77-76. Maintenance of bond
Cite as Haw. Code R. § 16-77-76
(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. [Eff and comp 12/9/02; comp 4/15/04] (Auth: HRS §444-4)
(Imp: HRS §§444-11.1, 444-16.5)
SUBCHAPTER 12
DISCLOSURE TO OWNERS; CONTRACTS