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  1. Join Date
    Sep 2008
    Posts
    106

    Rhode Island Increase

    I paid for my Rhode Island Auto Dealer Bond four months ago but the state will be radically increasing the bond amount to 100K in March. Will I have to pay more even though I just purchased my bond?

  2. Join Date
    Oct 2007
    Posts
    401

    Rhode Island Increase

    Quote Originally Posted by grasshopper View Post
    I paid for my Rhode Island Auto Dealer Bond four months ago but the state will be radically increasing the bond amount to 100K in March. Will I have to pay more even though I just purchased my bond?
    Yes - you will have to pay additional premium. Any time the bond amount is increased, it will be a requirement that you pay the necessary additional premium.

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