80A.10A - LICENSEE'S PROOF OF FINANCIAL RESPONSIBILITY.
80A.10A LICENSEE'S PROOF OF FINANCIALSection History: Recent Form
RESPONSIBILITY.
Notwithstanding the minimum bond amount that must be filed in
accordance with section 80A.10, a license shall not be issued unless
the applicant furnishes proof acceptable to the commissioner of the
applicant's ability to respond in damages for liability on account of
accidents or wrongdoings occurring subsequent to the effective date
of the proof, arising out of the ownership and operation of a private
security business, private investigation business, or bail
enforcement business.
85 Acts, ch 56, §5; 98 Acts, ch 1149, § 9
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