c. The licensee has a consolidated net worth of one hundred million dollars ($ 100,000,000) or more, or
if the licensee does not have the required net worth, its parent shall provide to the Commissioner (i) evidence satisfactory to the Commissioner that the parent has a net worth of one hundred million dollars ($ 100,000,000) or more, and (ii) an
unconditional guarantee or comparable instrument of surety satisfactory to the Commissioner of the performance of the licensee of its obligations under this Article.
If you read the book, you'll notice I advocate a 100 %
unconditional money back service
guarantee, which I believe all professionals should offer to their customers.