(a) The surety shall inform the attorney general in writing of all claims against the bond lodged directly with the surety and all sums paid against the bond.
(b) The surety on the bond is not liable in an aggregate amount in excess of that named in the bond.
(c) Nothing in this chapter impairs the right of a surety to cancel its bond for lawful reasons; however, a cancellation does not extinguish the surety's liability on the bond for mobile homes previously delivered to buyers in the state.
Section: Previous 45.30.010 45.30.011 45.30.015 45.30.018 45.30.020 45.30.025 45.30.030 45.30.040 45.30.050 45.30.060 45.30.070 45.30.100 NextLast modified: November 15, 2016