On July 14th, 2016, the Bureau of Ocean Energy Management (BOEM) “notified companies holding oil and gas leases in federal waters that it is updating the surety bond and risk management requirements to ensure that U.S. taxpayers never have to pay… Continue Reading →
La “Ley 272” de Puerto Rico establece que los dueños de las propiedades de alojamiento uplementario a “corto Plazo” cobran un impuesto igual a un siete por ciento (7%) del costo de la habitación por concepto del “Impuesto sobre el Canon por Ocupación de Habitación”. El… Continue Reading →
After months of delay on the legislation, West Virginia has approved rules modifying the AST and Horizontal Well Acts. The bonding /financial assurance section has amended the requirements to focus on ensuring corrective actions in the even of an accidental… Continue Reading →
Under California Civil Code, contractors and design professionals have a right to file a lien against real property once work has begun on the project. There are notification requirements contemplated under the Code, so a property owner will likely receive… Continue Reading →
Mixed martial arts and similar combative sports have now been legalized in New York. Pursuant to recently enacted Senate Bill 5949, a person applying for a license to conduct combative sports must provide a TWO combative sports surety bonds. The… Continue Reading →
The British Exit from the European Union is now a matter of fact. I and the Surety One, Inc. team would like to assure our British partners and clients that we have confidence in the pound sterling, the UK economy… Continue Reading →
The Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014 requires the IRS to establish a voluntary certification program for professional employer organizations (PEOs). The Federal Register has published final and temporary regulations relating to certified professional employer organizations… Continue Reading →
Effective March 22nd, 2016 an Idaho Appraisal Management Company surety bond is one of the statutory requirements for operating and AMC in the state. The state legislature’s purpose was to create an oversightsystem for appraisal managers. The house committee’s stated, “In most… Continue Reading →
Para recibir una licencia, una fianza de concesionario de vehículos de motor es necesario. De conformidad con la ley, toda persona que desee dedicarse total o parcialmente a la venta de vehículos de motor o arrastres al detal y venda como… Continue Reading →
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 →
Changes to the state law regulating contractors created “registration classes” and the requirement for a Connecticut Verification Bond for most non-resident general contractors. Conn. Gen. Stat. §12-430(7) as amended created two classes of nonresident contractors: verified and unverified. A nonresident general contractor… Continue Reading →
Effective June 25th, 2015, a South Carolina Waste Tire Hauler Surety Bond is required in addition to other obligations for registration and permitting in the state. Pursuant to the statute, parties that carry more than fifteen tires per haul must… Continue Reading →
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