Surety reinsurance can be difficult to procure. Reinsurers can be fickle, changing their preference and appetites for many reasons. Some treaties and cession agreements can be merely an accommodation. Others can severely restrict the classes of surety bond for which… Continue Reading →
Undertaking construction projects in the City of Los Angeles can be complex and challenging. From acquiring the necessary permits to adhering to stringent regulations, builders, contractors and developers face numerous hurdles. One critical requirement that developers must fulfill is obtaining… Continue Reading →
A DC personal representative bond is required of probate administrators unless specifically waived. D.C. Code §20–502 is instructive. Subsection (a) clearly defines the requirement. “Unless excused from filing a fiduciary bond by the decedent’s will or written waiver of all… Continue Reading →
A Florida probate bond is generally the bond of a personal representative. Administrator, administratrix, executor, executrix, trustee under a will, etc., are synonymous with “personal representative” as defined by Florida law. 733.402 of the Florida Statutes defines the requirement. Pursuant… Continue Reading →
A North Carolina probate bond is required of applicants for a fiduciary role in the estate of deceased persons under specific circumstances. An administrator bond (or administratrix), executor bond and probate bond are synonymous within the fiduciary class of business…. Continue Reading →
Injunctive relief is contemplated under Kansas statute however a Kansas injunction bond is a financial assurance instrument required by §60-905 before an enjoining order may take effect. Per section (a.), “No temporary injunction shall be granted until after reasonable notice… Continue Reading →
Per Chancery Court Rules, a Delaware injunction bond must be filed with the court before any restraining order or injunction will be issued. Pursuant to Rule 65, “No preliminary injunction shall be issued without notice to the adverse party, and without… Continue Reading →
A Florida temporary injunction bond is required in order to perfect an injunction order in this jurisdiction. The mechanism is contemplated under Fla. R. Civ. P. 1.610, “A temporary injunction may be granted without written or oral notice to the… Continue Reading →
Janus Assurance Re is a direct source of bond capacity for international obligations that require surety support. Janus will consider contract surety applications lesser than or equal to ten million U.S. dollars and commercial surety applications no greater than five… Continue Reading →
In June of this year, a demolition contractor hired to remove the Regency House Building in Texarkana, inadvertently brought down an adjacent building. The contractor had been required to offer a bond however, a demolition contract performance bond will not… Continue Reading →
Although ocean transport intermediaries form a small group of shipping professionals, there is a brisk demand for NVOCC bond and OFF bond capacity. Applying for the ocean freight forwarder (OFF) or non-vessel operating common carrier (NVOCC) licenses can be less… Continue Reading →
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