If you are engaged as a recreational products Dealer operating in Louisiana, you are required under the Louisiana Revised Statutes Chapter 6 of Title 32 to file a Louisiana Recreational Products Dealer Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Louisiana Recreational Products Dealer Bond holds you accountable for your business decisions.
By possessing a Louisiana Recreational Products Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.