State Regulations Governing B/Ds and Agents Flashcards
1
Q
Consent to Service of Process
A
Document that irrevocably appoints the Administrator as a registered person’s attorney for the service of legal papers
2
Q
Filing Fee
A
Must be paid at time of initial registration and annually at renewal
3
Q
Surety Bond
A
Insurance issued that agrees to pay sum of money awarded by court
4
Q
When is surety bond not required?
A
Net capital and minimum financial requirements are met
