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Current as of January 01, 2024 | Updated by Findlaw Staff
Before any operator or limited video lottery retailer is issued a permit under part 11 of this article to own or lease video lottery terminals from a licensed manufacturer, the permittee shall post a bond or irrevocable letter of credit in a manner and in an amount established by the commission. The bond must be issued by a surety company authorized to transact business in West Virginia and the company must be approved by the Insurance Commission of this state as to solvency and responsibility. A permittee who is a video lottery retailer that has permits for two or more restricted access adult-only facilities may post a blanket bond.
Cite this article: FindLaw.com - West Virginia Code Chapter 29. Miscellaneous Boards and Officers § 29-22B-515. Bonding requirements for operators and limited video lottery retailers who are permittees - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-29-miscellaneous-boards-and-officers/wv-code-sect-29-22b-515/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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