§ 6204 Indemnity Bond Cancellation Notice

• •If you or the insurance company want to cancel an indemnity bond, you must give 10 days' notice in writing to the commissioner.
• •The cancellation won't happen until after those 10 days, unless the commissioner says it's okay to cancel sooner.

You have a bond for your business, and you no longer need it.

You can't just cancel it right away. You have to tell the commissioner in writing and wait 10 days. If the commissioner says it's okay, you can cancel it sooner.