As we begin the new year, many enterprises are establishing or reviewing their pension, 401(K) and defined benefit plans. Surety One, Inc. would like to remind you that U.S. Codes, ERISA section 412 and related regulations (29 C.F.R. § 2550.412-1… Continue Reading →
A Connecticut title bond is an appropriate instrument to offer with a registration application where the original title can either not be found or has an incurable defect in form. The use of a Connecticut certificate of title bond is… Continue Reading →
A collection agency is a third party agent of a creditor. Given the fiduciary and other legal duties placed on commercial debt collectors, most states now require agents to be licensed and to post a collection agency bond. This type… Continue Reading →
The insurance industry employs about 2.7 million people in the United States alone. Women comprise about sixty percent of the industry. When insiders consider the history of insurance, many of us think of the Lloyd’s Coffee House in London, where… Continue Reading →
It is not breaking news that crystal methamphetamine or “meth” has rapidly become a national scourge. Highly addictive and ultimately deadly to users, its production introduces volatile and extremely toxic chemicals into the environment. The ingredients used in the “cooking” process… 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 →
On October 19th, 2015, the Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) jointly proposed a Rule which will change the standard federal performance bond and payment bond forms prescribed by the Federal… Continue Reading →
“Legal guardianship” is a court granted authority in which a responsible person (a “fiduciary”) is appointed to manage the financial affairs and property interests of a third party (a “ward”). A guardianship bond is often required to protect the ward’s… Continue Reading →
Are you a California home care provider agency? If so, a new law enacted by the State of California requires you to obtain a $10,000 surety bond. California Assembly Bill 782, dubbed the Home Care Services Consumer Protection Act (HCSCPA),… Continue Reading →
Of all of the financial components that a contract surety bond underwriter considers when reviewing a performance bond request, working capital is the the first. Healthy working capital is indicative of a contractor’s ability to service his or her short… Continue Reading →
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