The security required to be filed by this article shall be for the protection, use, and benefit of any club member, shall be subject to the following conditions, and, if a surety bond, shall be so expressly conditioned that:
The club will faithfully furnish and render to club members any and all of the automobile club services sold or offered for sale by it, and
The club will pay any fines, fees, or penalties imposed upon it pursuant to the provisions of this article.