31.6. The surety bond must be valid for the entire term of the licence; it must be given without any term.
The surety or travel agent may end the surety bond only on written notice of at least 90 days to the president, to which is attached proof that a copy of the notice was notified to the travel agent.
Where the licence ceases to have effect for non-payment of the duties payable for its renewal, the surety bond remains valid, if applicable, where the licence is renewed within 60 days of the date on which the licence ceases to have effect.
O.C. 496-2010, s. 26; 986-2018O.C. 986-2018, s. 261.