RSA 399-G:27 Prudential Standards; Surety Bond.

I. An applicant for a money transmission license must provide, and a licensee at all times must maintain, security consisting of a surety bond in a form satisfactory to the commissioner or, with the commissioner's approval, a deposit instead of a bond in accordance with this section.
II. The amount of the required security shall be the greater of $100,000 or an amount equal to 100 percent of the licensee's average daily money transmission liability in this state calculated for the most recently completed 3-month period, up to a maximum of $500,000.
III. A licensee that maintains a bond in the maximum amount provided for in paragraph I shall not be required to calculate its average daily money transmission liability in this state for purposes of this section.
IV. A