47. Where the exercise of the privileges conferred by a licence involves, for the holder, financial responsibilities towards the board or the public, the board may, in the cases provided for by the rules, require as a condition of the issue or renewal of that licence or its maintenance that the person making the application or the holder pay to it security in the amount fixed by it, taking into account the importance of these financial responsibilities.
1978, c. 36, s. 47; 1993, c. 71, s. 31.