Our President and Chief Underwriter, C. 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… 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 →
The State of South Dakota’s Appraisal Management Company Registration Program has been recently amended to require a South Dakota appraisal management company surety bond from EVERY registrant operating within the state. The new surety bond requirement is effective as of… Continue Reading →
If you offer immigration consultancy services in California, your license compliance just got more expensive! Applications submitted after May 30th and existing consultants must now provide a California immigration consultant surety bond in the amount of $100,000, double the previous… Continue Reading →
On March 5th, 2014, the State Legislature delivered a new dealer law to the Governor for signature which brings uniformity to the licensing procedure. An Alabama Motor Vehicle Dealer Bond in the amount of $25,000 will be required from ALL… Continue Reading →
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