Statute 49-617: Same; cancellation of bonds by surety prohibited; substitute bond
required, when.
No bond filed with the director by an operator pursuant to this
act may be canceled by the surety without at least 90 days' notice to the
director. If the license to do business in Kansas of any surety of a bond
filed with the director is suspended or revoked, the operator, within 90 days
after receiving notice thereof from the director, shall substitute for the
surety a corporate surety licensed to do business in Kansas.
Upon failure of the operator to make substitution of surety as herein
provided, the director shall have the right to suspend the operator's
authorization to conduct surface mining on the site or sites covered by the
bond until substitution has been made. The Kansas commissioner of insurance
shall notify the director whenever the license of any surety to do business in
Kansas is suspended or revoked.
History: L. 1994, ch. 197, § 17; July 1.