Surety bond underwriters, sureties and individuals with a morbid interest in understanding the statutes underlying public official bond obligations should take a look at the new requirements that an Indiana public official bond must meet. The law (Indiana Senate Enrolled… Continue Reading →
Election day has come and passed and its passing brings new political faces and a renewal of some incumbent ones. Many government positions, and especially those with fiduciary duties, will require posting of a public official bond before officials will… Continue Reading →
In 2006 the New Jersey General Assembly prohibited sureties from writing blanket public official bonds to cover treasurers, tax collectors, and municipal court judges and administrators. Those parties were obligated to obtain public official bonds from the state joint insurance… Continue Reading →
A constable bond is a simple public official bond. Public official bonds are like fidelity bonds in that they guarantee a principal’s honest handling of public funds, however this type of surety bond also service as a guarantee against “misfeasance,… Continue Reading →
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