Material Changes. Within 30 days of a material change, a licensed gas supplier shall: Update or supplement the information required in the application under COMAR 20.54.02.02 B(1), (4), (5), and (8) and COMAR 20.54.02.02C; and File a copy of the updated or supplemental information with the Commission. A supplier providing supplier-consolidated billing shall, in addition to §A(1) of this regulation, also update or supplement the following material changes: The transfer of the conduct of supplier-consolidated billing services from the supplier to a third-party agent; The transfer of supplier-consolidated billing services from one third-party agent to another third-party agent; or The cancellation of the bond or collateral guaranteeing protection of customers participating in supplier-consolidated billing required under COMAR 20.54.02.08C. A licensee shall provide to the Commission annual updates of the information required in the application under COMAR 20.51.02, including the information provided under §A of this regulation. The annual update required by this section shall be filed within 120 days of the close of the fiscal year of the licensee. A licensed gas supplier shall provide additional information as may be required by the Commission. A gas supplier shall file with the Commission a copy of every service agreement entered into with a gas company within 10 business days of the execution of the agreement. An applicant who intends to collect or a gas supplier who collects a deposit or prepayment for gas supply from a customer shall post a bond as required under this regulation. The initial bond requirement for an applicant or gas supplier who intends to collect a deposit or prepayment from a customer shall be $50,000. Six months after the posting of the initial bond, or when the amount of deposits or prepayments exceed the initial bond required by this regulation, whichever is earlier, a gas supplier shall: Conduct an audit, performed by an independent certified public accountant or a Commission auditor; If an independent certified public accountant is used, provide a copy to the Commission; and Comply with the bonding requirements in §§D and E of this regulation. Except as provided in §B of this regulation, the bond required under §A of this regulation shall equal or exceed the total amount of any deposits or prepayments a gas supplier collects. In calculating the bonding requirement under §D of this regulation, prepayments or deposits do not include funds: Collected from a customer whose metered use is expected to or does exceed 625 dekatherms during any month of the previous 12-month period; or Received in advance of service from a customer that voluntarily participates in a billing plan under which the customer's electric costs are averaged over a period of time. The bond required by §A of this regulation shall be obtained from a company licensed in the State to write surety types of insurance. The bond required by COMAR 20.54.02.08 or Regulation .03 of this chapter shall be in the form required by the Commission. The bond required by Regulation .03 of this chapter shall at a minimum: Identify the Maryland Public Service Commission as the sole beneficiary; Be continuous and subject to cancellation only after 60 days notice to the Commission; Be in the amount determined under Regulation .03 of this chapter; Contain the following language or similar language acceptable to the Commission: “Payment under this bond shall be due in the event the Commission determines that the (gas supplier name) is financially insolvent or unable to meet their obligations as a licensed gas supplier in Maryland”; and Permit the Commission to direct that the proceeds of the bond be paid or disbursed. A licensee shall provide 60 days prior written notice to the Commission of an intention to cease providing service in the State to all customers: In a specified gas company service area; Within a specified customer class; or A specified type of billing. Following receipt of the notice required by §A of this regulation, the Commission may require the licensee to provide notice to the public and take other appropriate action. If a supplier ceases providing a particular type of billing service, notice to customers, at a minimum, shall specify the following: That the supplier will no longer provide the specific type of billing service to customers in the State, service territory, or to a customer class, as applicable; The billing method to which the customer will be subject after the supplier ceases to offer the current billing method it was providing; and The date on which the customer's current billing service will cease and the new billing service will begin. If the supplier that is ceasing a specific type of billing service intends to retain a customer on a different billing model, the supplier shall follow COMAR 20.59.05.06. The Commission may revoke or suspend a license, if a licensee: Intentionally provides false information; Switches, or causes to be switched, the gas supply for a customer without first obtaining the customer's permission; Fails to provide gas for its customers; Commits fraud or engages in deceptive practices; Fails to maintain financial integrity; Violates any applicable provision of this title; Violates a Commission Order; Fails to comply with State or local tax laws; Violates any applicable provision of Public Utilities Article, Annotated Code of Maryland, or any State or federal consumer protection law; Is convicted of, or has a principal who is convicted of, a felony or any crime involving fraud, theft, or deceit; or Has a similar license issued by another state or the federal government suspended or revoked. The Commission may enforce the regulations in this subtitle under the provisions of Public Utilities Article, Annotated Code of Maryland. Public Utilities Article, §§2-113, 2-121, 5-101, 7-507, 7-511, and 7-601—7-606, Annotated Code of Maryland Effective date: August 18, 2003 (30:16 Md. R. 1076) Regulation .01A amended effective March 7, 2022 (49:5 Md. R. 367) Regulation .03C amended effective March 7, 2022 (49:5 Md. R. 367) Regulation .05A amended effective March 7, 2022 (49:5 Md. R. 367) Regulation .05C, D adopted effective March 7, 2022 (49:5 Md. R. 367)