A manufacturer of tobacco products shall immediately file a new bond to supersede his current bond when
The corporate surety on the current bond becomes insolvent,
The appropriate TTB officer approves a request from the surety on the current bond to terminate his liability under the bond,
Payment of any liability under a bond is made by the surety thereon,
The amount of the bond is no longer sufficient under the provisions of § 40.133 or § 40.134 and a strengthening bond has not been filed, or
The appropriate TTB officer considers such a superseding bond necessary for the protection of the revenue.
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