61B-60.004 — Bond and Irrevocable Letter of Credit

Rule 61B-60.004 establishes requirements for bonds and irrevocable letters of credit for yacht and ship brokers.

The rule specifies the terms, conditions, and use of bonds and irrevocable letters of credit as financial security instruments for yacht and ship brokers operating in Florida. The rule governs the form, amount, and administration of these security mechanisms.

Yacht and ship brokers licensed and operating in Florida.

Effective March 13, 2002.