Guam § 15802 - Execution and Delivery of Bond: Amount of Bond:
Full text of Guam Guam Code Annotated § 15802 — Execution and Delivery of Bond: Amount of Bond:, with citation guidance and answers to common questions.
§ 15802. Execution and Delivery of Bond: Amount of Bond:
Condition: Rights Conferred by License: Expiration Date.
Before receiving such license, such surplus line broker or
agent shall execute and deliver to the commission a bond in the
penal sum of two thousand dollars ($2,000.00) in such form and
with such sureties as the Commissioner shall approve, conditioned
that he will fully comply with all requirements of this article. Such
license shall entitle such broker or agent to transact business for
any or all unauthorized insurance companies or insurers as
provided in this article, and shall expire on the first day of July
next following the date of issue.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 15802
What does Guam Code Annotated § 15802 cover?
Section 15802 ("Execution and Delivery of Bond: Amount of Bond:") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 15802?
A common citation format is "Guam Code Annotated § 15802" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 15802 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.