(a) A pawnbroker shall maintain general liability and fire insurance:
(1) in a reasonable amount and form required by the commissioner; and
(2) sufficient to protect pledged goods, including jewelry, at the pawnshop.
(b) A pawnbroker shall secure a bond:
(1) in the amount, not to exceed $5,000, required by the commissioner;
(2) in the form required by the commissioner; and
(3) conditioned on compliance with this chapter and rules adopted under this chapter.