Source: https://vacode.org/9.1-144/
Timestamp: 2020-07-11 00:39:43
Document Index: 661979236

Matched Legal Cases: ['§ 9', '§ 9', '§ 9', '§ 9', '§ 9', '§ 9', '§ 54', '§ 54', '§ 9', '§ 9']

Bond or insurance required; actions against bond (§ 9.1-144)—Virginia Decoded - Virginia Decoded
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§ 9.1-144 Bond or insurance required; actions against bond
§ 9.1-144
Bond or insurance required; actions against bond
A. Every person licensed as a private security services business under subsection A of § 9.1-139 or certified as a private security services training school under subsection B of § 9.1-139 shall, at the time of receiving the license or certification and before the license or certification shall be operative, file with the Department (i) a cash bond or evidence that the licensee or certificate holder is covered by a surety bond, executed by a surety company authorized to do business in the Commonwealth, in a reasonable amount to be fixed by the Department, conditioned upon the faithful and honest conduct of his business or employment; or (ii) evidence of a policy of liability insurance in an amount and with coverage as fixed by the Department. The bond or liability insurance shall be maintained for so long as the licensee or certificate holder is licensed or certified by the Department.Every personal protection specialist and private investigator who has been issued a registration by the Department and is hired as an independent contractor by a licensed private security services business shall maintain comprehensive general liability insurance in a reasonable amount to be fixed by the Department, evidence of which shall be provided to the private security services business prior to the hiring of such independent contractor pursuant to subsection C of § 9.1-139.
1976, c. 737, § 54-729.31; 1988, c. 765, § 54.1-1905; 1992, c. 578, § 9-183.6; 1998, cc. 122, 807; 2001, c. 844; 2015, c. 202.
If you’re reading this for anything important, you should double-check its accuracy—read § 9.1-144 on the official Code of Virginia website.
HB63: Private security; compliance agent experience, surety bond. (passed)