§ 16622 Treasurer Security Requirements

• •The Treasurer can ask for more security money if they think the current amount isn't enough.
• •You might have to add more money or assets to meet the Treasurer's requirements.
• •This rule was added in 1976.

You open a small business and give the state some money as security to protect your customers. Later, the state Treasurer says the amount isn’t enough.

The Treasurer can make you add more money or assets to make sure your customers are fully protected.