Category

License Bonds

Vaping Product Surety Bond Demand

As vaping becomes more popular, vaping product surety bond instruments and insurance coverages will appear to support the risks of the industry. Many states have already instituted regulations that govern the conduct of vape dealers and distributors. Much like hookah… Continue Reading →

Surety Bonds for the Blasting Industry

There are classes of construction (and destruction) business for which surety bonds are readily available. Most surety companies prefer bonding jobs that they consider “sticks and bricks”. Unfortunately, that leaves many professional contractors that might offer specialty services in a… Continue Reading →

Hemp Producers Should Prepare for Surety Bonds

The Hemp Farming Act of 2018, part of the larger Farm Bill effectively ended the prohibition on hemp cultivation, marketing and distribution. The Hemp Farming Act reverses a prohibition that has stood since the Marijuana Tax Act enacted in 1937,… Continue Reading →

Pawnbroker Surety Bond

Pawnbrokers are considered a form of financial institution and are regulated as one. A pawnbroker surety bond is currently required by approximately twenty states and many municipalities. Generally the surety bond amount is small and guarantees only that the pawn… Continue Reading →

Georgia Hemp Processor Surety Bond & License 2019

Recent legislation and the delisting of hemp from the federal drug control schedules has prompted the legalization of hemp cultivation in Georgia, although the activity will be tightly restricted at inception. A Georgia hemp processor surety bond will be required…. Continue Reading →

DMEPOS Surety Bond Now Required for Dentists

As of the new year 2019, the Center for Medicare and Medicaid Services will require dentists that provide durable medical equipment and which participate in a CMS billing program to file a DMEPOS surety bond with the Center. Currently the… Continue Reading →

Mississippi Lottery Bond

On August 31st, 2018, the governor approved Senate Bill 2001, referred to as the “Alyce G. Clarke Mississippi Lottery Law” to be effective September 1st, 2018. The new statute establishes the Mississippi Lottery Corporation (MLC). Proceeds from the lottery will… Continue Reading →

Surplus Lines Broker Bond, a Surety Bond for Insurance Professionals

A surplus lines broker bond is a specific surety bond required by many state departments of insurance. The license allows producers to offer surplus lines insurance. Surplus lines insurance refers to any instance in which the insurance is offered by an insurer that is not… Continue Reading →

Virginia Contractors License Bond

A Virginia contractors license bond is required under certain circumstances when a contractor applies for authority to operate in the Commonwealth. The trigger for the surety bond requirement is contractor “net worth”. Virginia contractors are classified by the Department of… Continue Reading →

North Carolina Invention Development Bond

A North Carolina invention development bond is one of the items required in order to be licensed as an invention development service. Doing business in the State as an “invention developer” is defined in North Carolina General Statutes § 66-209(5). A developer is an… Continue Reading →

Illinois Highway Permit Bond (Individual and Blanket Surety Bonds)

An Illinois highway permit bond and permit are required under law (605 ILCS 5/4 209) when performing any work that encroaches or touches upon the right-of-way of an Interstate, U.S. state route, Illinois state route, or state-maintained roadway. The Illinois Department… Continue Reading →

Utah Investment Adviser Bond

A financial adviser in the state of Utah must be licensed and post an Utah investment adviser bond if he or she receives compensation for providing advice on securities and other investments. Licenses are issued by the Utah Department of… Continue Reading →

© 2021 Surety One, Inc.

Top ↑