Final answer:
Filing of a new bond by the Commissioner is typically required immediately upon a specific event that changes the risk, obligation, or the terms of the original bond. Circumstances like the end of the bond term or transfer of bond ownership may also require a new filing depending on the bond's terms and governing law.
Step-by-step explanation:
A filing of a new bond is generally required by the Commissioner under specific circumstances. While requirements may vary depending on the jurisdiction and the type of bond, a few common scenarios where a new bond filing might be necessary include: immediately upon a specific event such as a state of insolvency of the principal, a substantial increase in the risk or obligation covered by the bond, a change in the terms of the contract necessitating additional coverage, or when the capacity of the existing bond is exhausted due to claims against it.
However, options 1, 3, and 4 mentioned may not automatically trigger the need for a new bond. When an action is commenced on a bond (option 1), it does not necessarily mean that a new bond must be filed immediately unless the original bond is deemed inadequate or void. At the end of the bond term (option 3), a new bond might be required if there is an ongoing obligation that needs to be covered. Lastly, transfer of ownership of a bond (option 4) might not necessitate a new filing unless such transfer is forbidden by the bond's terms or by law.
Ultimately, the exact trigger for filing a new bond is dependent on the specific regulations and terms governing that bond.