A New Hampshire Credit Services Organization bond is required by law if you propose to offer credit repair services in the state. As per the Attorney General, in 1989, the New Hampshire Legislature enacted the Credit Service Organizations Act, RSA… Continue Reading →
Since we write a looooooooooooot of of ERISA fidelity bonds, we get this particular question very frequently. The best “legal” definition is contained within the U.S. Department of Labor’s circular FAB 2008-04. An ERISA section 412 bond must protect the… Continue Reading →
A Louisiana Tobacco Tax Surety Bond and registration as a “tobacco dealer” are required of any person or entity who manufacturers or imports cigars, cigarettes, smoking or smokeless tobacco for distribution, sale, use, or consumption in Louisiana. Every registered tobacco… Continue Reading →
Effective immediately a Minnesota Elevator Contractor Bond will be required from both full and limited licensees. According to the Minnesota Department of Labor’s open letter, “The changes became effective July 1, 2013. Elevator contractors and elevator constructors are currently licensed under… Continue Reading →
The General Assembly has passed a new statue requiring a Kansas Roofing Contractor Bond where previously such contractors were unregulated by the state. Many cities and counties have their own requirements, including ICC or other testing requirements. Most contractors are also… Continue Reading →
As a surety-specific agency with a national footprint we numerous requests for “bid bonds” each day. Contractors who have dealt with corporate sureties are aware of what these are however many new and smaller construction and commercial services contractors do… Continue Reading →
Unless give a “license fee and waiver” each dealer applicant must post a Virginia motor vehicle dealer bond with the Commonwealth before be issued a license to operate. The Code of Virginia §46.2-1500 defines a “dealer” as any person who: 1. For… Continue Reading →
Ok, we have revamped our state-by-state guide to motor vehicle dealer bond amounts. This should be helpful for those dealers that are currently or anticipating operating in multiple states. We have compiled this information as a convenience to you, our clients…. Continue Reading →
A Michigan title bond is one of three options for obtaining clear title to a motor vehicle with lost or defective certificate issues. Pursuant to §257.217(d), if the Secretary of State is not satisfied as to the ownership of a vehicle… Continue Reading →
The United States Department of Transportation has updated its protocols regarding the DOT’s Surety Bonding Education Program. As per the DOT and taken directly from their published circular, The Surety Bonding Education Program (BEP) process includes: Stakeholders meeting Members of… Continue Reading →
Connecticut HB 6339 has been signed into law. The statute requires an exchange facilitator to post a Connecticut exchange facilitator fidelity bond in an amount not less than one million dollars ($1m). An errors/omissions policy, a deposit of cash or securities… Continue Reading →
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