83-39-8 - Transfer of qualification bond. - Mississippi Statutes

§ 83-39-8. Transfer of qualification bond.
 

A personal surety agent licensed under this chapter or the executor, trustee or guardian of his estate shall be allowed to transfer the qualification bond required under Section 83-39-7 to another person, provided that person meets all requirements for a license under this chapter and assumes all outstanding liabilities of the personal surety agent. The transferee shall be authorized to conduct the business of the personal surety agent existing and pending at the time of the transferee. The transferee shall submit an application with the fee and proof of education required by Section 83-39-5, which application shall be processed expeditiously and with priority by the department. 
 

Sources: Laws, 2007, ch. 501, § 1, eff from and after June 1, 2007.