§373-13.5  Requirements to maintain license. (a)  Every employment agency that collects fees from applicants shall have andmaintain in full force and effect a bond as required under section 373-4. Failure, refusal, or neglect to maintain a bond in full force and effect shallcause the automatic forfeiture of the license effective as of the date ofexpiration or cancellation of the bond.  The license shall not be restoreduntil a bond as required under section 373-4 is received by the director.

(b)  Failure to effect a restoration of aforfeited license within sixty days of the forfeiture shall cause the licenseto remain forfeited.  No fees paid shall be refundable.  A licensee who failsto restore a license as provided in this section shall apply and pay fees as anew applicant.

(c)  The director may assess a fee not toexceed $200 as a condition for the restoration of a license forfeited pursuantto this section.

(d)  A licensee, within fifteen calendar daysafter receipt of notification of the license forfeiture, may request anadministrative hearing pursuant to chapter 91 to review the forfeiture.

(e)  Every employment agency shall have in itsemploy a principal agent who is currently licensed under this chapter.  Theprincipal agent shall be responsible for the direct management of theemployment agency, all business transactions of the employment agency, and allactions by the employees of the employment agency.

(f)  No employment agency shall be deemed tohave violated any provision of this chapter by acting or assuming to act as anemployment agency after the death or dissociation of the principal agentresponsible for managing the employment agency; provided that within sixty daysfrom the date of the death or dissociation of the principal agent, theemployment agency employs another licensed principal agent or employs anindividual who has filed an application for a principal agent license. [L 1985,c 135, §7; am L 2002, c 22, §9]