[§373-13.5] Requirements to maintain license. Every employment agency shall have and maintain in full force and effect a bond as required under section 373-4. Failure, refusal, or neglect to maintain a bond in full force and effect shall cause the automatic suspension of the license effective as of the date of expiration or cancellation of the bond. The license shall not be reinstated until a bond as required under section 373-4 is received by the director.

Failure to effect a reinstatement of a suspended license within sixty days of the suspension shall cause the license and all fees to be forfeited.

The director may assess a fee not to exceed $200 as a condition for the reinstatement of a license suspended pursuant to this section.

A licensee, within fifteen calendar days after receipt of notification of the license forfeiture, may request an administrative hearing pursuant to chapter 91 to review the suspension. [L 1985, c 135, §7]