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Can surety bonds on file prior to the effective date of the new rules be canceled by the surety company? Can they be replaced?

April 26, 2017bonds COMPANY effective file prior rules surety

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Can surety bonds on file prior to the effective date of the new rules be canceled by the surety company? Can they be replaced?

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R 324.210(9) indicates that bonds in effect before the effective date of the rules shall remain in effect under the conditions upon which they were filed and accepted, therefore they can not be canceled.