31.7. Despite the expiry of the surety bond, the obligations of the surety continue to apply and the liability of the travel agent is incurred towards customers where(1) it pertains to a contract entered into while the surety bond was in force or was executed while the surety bond was in force; and
(2) no more than 3 years have elapsed since cause of action arose and before a civil lawsuit is filed or an agreement or transaction is made.