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 →
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 →
Ohio Lien Release Bond
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 →
Lease Guarantee Bond
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 →
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