Details

For an initial permit, section 58-70-20(a) sets $10,000. For a renewal, it uses one-sixth of collections paid directly to the agency during the preceding calendar year after subtracting commissions earned on those collections, with a $10,000 minimum and $30,000 maximum. A replacement should match the amount currently required for the permit, not automatically the initial amount.

The official domestic model allows release of the existing surety when the principal provides replacement security acceptable to the Commissioner and the Commissioner notifies that surety of release in writing. Keep that acceptance separate from the provider's issuance confirmation. Existing obligations from the covered permit period survive permit suspension or revocation.

The model's nonrenewal procedure requires the surety to give the principal and Commissioner written notice at least 30 days before the permit period ends. It is not a general 30-day cancellation promise. The bond remains continuous until the collected client money has been accounted for, and changes to its terms require the Commissioner's written approval.

Use the exact permit-holder name, address, FEIN and requested dates with authorized signatures and seals and the surety notarial acknowledgment. DOI's renewal checklist calls for the domestic CA-D1 and calculation worksheet, and a Power of Attorney with a new bond or continuation. It says the expiration date should not precede June 30.

Purchase Now opens Propeller's domestic replacement MAIL application in a new tab. Confirm how the provider supplies the issued document, then use DOI's bond-only filing route rather than the payment lockbox. The current renewal checklist accepts emailed copies or attachment to the renewal application. Match the route to your replacement request and obtain acceptance before treating the old surety as released.