Sec. 29-161l. Applicant to post surety bond and provide general liability insurance certificate.
Sec. 29-161l. Applicant to post surety bond and provide general liability insurance certificate. (a) Each applicant for a license as a security service shall post with
the Commissioner of Public Safety a bond in favor of the state with surety in the amount
of ten thousand dollars. No bond shall be accepted for filing unless it is with a surety
company authorized to do business in this state and conditioned that the principal named
therein shall not do any act meriting suspension or revocation of such principal's license
under the provisions of sections 29-161g to 29-161x, inclusive. Any person aggrieved
by an act of the principal named in such bond in violation of the provisions of this chapter
may proceed on such bond against the principal or surety therein, or both, to recover
damages.
(b) Prior to being issued a license, an applicant shall provide a copy of a certificate
of general liability insurance for not less than three hundred thousand dollars. The licensee shall notify the commissioner, in writing, within thirty days of a change of status
in the liability insurance or surety bond required by this section.
(P.A. 04-192, S. 27.)