Details

Find the #2 document in DOI's foreign initial or renewal packet. Its expense condition under section 58-70-20(c) is different from #1's obligation to account for money collected for clients. A request for the client-funds calculation does not change the separate #2 amount to that calculated sum.

The expense bond remains continuous during the permit period and in force until the Commissioner terminates it. The model's surety-nonrenewal procedure calls for written notice to both the agency and Commissioner at least 30 days before the permit period ends. It does not create a general 30-day cancellation right.

Use the exact permit-holder name, address and FEIN, requested effective dates, authorized signatures and seals and surety notarial acknowledgment. Legal-name changes require the specified written notice within 10 days and an endorsement. No terms may be altered without the Commissioner's written approval; suspension or revocation leaves existing permit-period obligations covered.

If this purchase replaces existing security, obtain DOI acceptance and the Commissioner's written release of the previous surety. Issuance alone is not that release. The model also requires the surety to pay the Commissioner's proper claim within 30 days after written demand.

Purchase Now opens Propeller's Foreign Bond #2 UPDATED application in a new tab. Have the current permit/application and #2 request ready, then check the issued condition and execution. Follow DOI's bond-document route rather than the payment lockbox; its renewal instructions accept electronic copies. Finish the separate application or renewal and bond submission steps. Checkout does not approve the permit or certify that a supplier's UPDATED label matches DOI's accepted wording.