31 U.S.C. § 9305: Authority and revocation of authority of surety corporations

a copy of the articles of incorporation of the corporation; and a statement of the assets and liabilities of the corporation signed and sworn to by the president and secretary of the corporation. the articles of incorporation of the corporation authorize the corporation to do business described in section 9304(a)(2) of this title ; the corporation has paid-up capital of at least $250,000 in cash or its equivalent; and the corporation is able to carry out its contracts. A surety corporation authorized under subsection (b) of this section to provide surety bonds shall file with the Secretary each January, April, July, and October a statement of the assets and liabilities of the corporation signed and sworn to by the president and secretary of the corporation. shall revoke the authority of a surety corporation to do new business if the Secretary decides the corporation is insolvent or is in violation of this section or section 9304 or 9306 of this title; may investigate the solvency of a surety corporation at any time; and may require additional security from the person required to provide a surety bond if the Secretary decides that a surety corporation no longer is sufficient security. the corporation does not pay a final judgment or order against it on the bond; and no appeal or stay of the judgment or order is pending 30 days after the judgment or order is entered.