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Old 02-02-2009, 11:08 AM
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Join Date: Sep 2008
Posts: 106
Default 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?
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Old 02-03-2009, 12:27 PM
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Join Date: Oct 2007
Posts: 401
Default 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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