Part 13 — Licensing
130 Security
force, the licence is suspended and remains suspended until the
licensee submits to the Director a new security that meets the
requirements of the regulations.
(2) When the Director increases, in accordance with the
regulations, the amount of security that is to be provided by a
licensee before the term of the licence ends and the licensee does
not provide a security in the increased amount by the time specified
by the Director, the licence is suspended and remains suspended
until the licensee submits to the Director a security in the increased
amount.
(3) Where a licensee who is required under the regulations to be
covered by an assurance fund approved by the Director is no longer
covered by that assurance fund, the licence is suspended.
RSA 2000 cF-2 s130;2005 c9 s45