(a) All applicants for all licenses shall file with the commissioner, along with each application, a bond:

(1) Conditioned to pay all sums which may become due by the applicant to the state as taxes, license fees, or otherwise, arising out of the operation of the business for which licensure is sought; and

(2) Conditioned to pay all penalties which may be imposed upon the applicant for failure to comply with the laws and rules and regulations pertaining to wines.

The surety for the bonds shall be a surety company licensed to do business in this state, and the bonds shall be in such form as may be required by the commissioner.

(b) The bonds required pursuant to subsection (a) of this Code section shall be in the following amounts:

(1) For wineries, $5,000.00; and

(2) For retail dealers, $500.00.

(c) The commissioner may waive the requirement of a surety on the bonds of applicants for retail licenses if he determines that a surety is not essential to the protection of the interests of the state.