WVC 29 - 22 B- 515
§29-22B-515. Bonding requirements for operators and limited video
lottery retailers who are permittees.
Before any operator or limited video lottery retailer is
issued a permit under part 11 of this article to own or lease video
lottery terminals from a licensed manufacturer, the permittee shall
post a bond or irrevocable letter of credit in a manner and in an
amount established by the commission. The bond must be issued by
a surety company authorized to transact business in West Virginia
and the company must be approved by the insurance commission of
this state as to solvency and responsibility. A permittee who is
a video lottery retailer that has permits for two or more
restricted access adult-only facilities may post a blanket bond.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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