The Compassionate Use of Medical Cannabis Pilot Program Act was signed by the governor and went into effect on January 1, 2014. Licensing of a marijuana cultivation operation will require TWO surety bonds. The first requirement is the Illinois medical… Continue Reading →
As per the Office of Financial Institutions, Act 260 requires a license and Louisiana Mortgage Servicer surety bond. The Act adds a license requirement for persons engaged in residential mortgage servicing to the current Louisiana Secure and Fair Enforcement of Mortgage… Continue Reading →
Effective August 1st, 2014 providers of private driver training must provide a Louisiana private driving school surety bond to the State. The a surety bond in the sum of $40,000 will be required (if such surety bond is available for… Continue Reading →
Our President and Chief Underwriter, Constantin Poindexter appeared recently in the Engineering New Record Surety Supplement, responding to a general Q&A about why surety participation in public private partnerships is essential. Copied below is the response in full, which you… Continue Reading →
Effective November 1st, 2014 an Oklahoma vehicle crusher surety bond and licensing will be required of crushers in the state. Under the statute “Crusher” means a person engaged in the business of crushing and/or shredding used motor vehicles, trailers, or nonmotorized recreational… Continue Reading →
North Carolina landscape contractors have a new law and new North Carolina landscape contractors license surety bond requirement. As of August 1, 2014, the NC Landscape Contractors’ Registration Board, became the NC Landscape Licensing Board. Requirements for obtaining a landscape… Continue Reading →
This law has been on the books for a LOOOOOONG time and its not news to contractors, CPAs and attorneys who deal with contract surety bonding on a day to day basis. We came across this very good piece wanted… Continue Reading →
Oregon law requires an Oregon construction contractors surety bond from anyone who works for compensation in any construction activity involving improvements to real property. According to the Construction Contractors Board, “A CCB surety bond provides a limited amount of financial… Continue Reading →
According to the Arizona Department of Insurance, state statutes require life and health insurance administrators operating in the state to be registered with the Department and provide an Arizona third party administrator surety bond, unless they are exempt by statute (A.R.S…. Continue Reading →
Pursuant to recent changes in the Commonwealth Code, effective July 1, 2014 a non-resident adjuster must post a Virginia public adjuster surety bond just as resident adjusters must do. The State Corporation Commission has issued an advisory letter which states,… Continue Reading →
In 2013, the North Carolina General Assembly amended N.C.G.S. 93E-2-4 to require that appraisal management companies post a North Carolina appraisal management company surety bond in the amount of $25,000 bond. The law went in to effect on January 1, 2014,… Continue Reading →
With the passage of OK Senate Bill 1929, barber school licensing parallels the licensing requirement of cosmetology schools. An Oklahoma barber school surety bond is now necessary to operate as such. A surety bond in the amount of two thousand… Continue Reading →
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