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surety bond

Surety Bond Renewals, April 2024

Happy spring to all and, did you remember your surety bond renewal? Whether you’re a contractor, a business owner, or a professional in need of surety bonds, understanding the renewal process is crucial to maintaining compliance and ensuring ongoing operations…. Continue Reading →

The Surety Business After Supreme Court Decision on DEI

The Surety Business After Supreme Court Decision on DEI presents a new risk management concern. In the case of Students for Fair Admissions, Inc. v. President & Fellows of Harvard College and identical plaintiff v. University of North Carolina, No….. Continue Reading →

Nevada Private Education Loan Servicer Surety Bond to be Required

It appears that the State of Nevada will require a surety bond from private education loan lenders and servicers. Assembly Bill 332 amends Nevada Rev. Statutes Title 55 relating to Banks and Related Organizations, adding a new chapter regulating private… Continue Reading →

Insurance Producers Can Write More Surety Business

To write more surety business, it’s important to focus on building strong relationships with clients and demonstrating your expertise in the field. Surety (especially “contract surety“) is a ‘relationship’ business. Here are some strategies to help you increase your surety… Continue Reading →

Personal Representative Bond & Fair Compensation

A personal representative bond (probate and fiduciary surety bond class) guarantees the diligent and honest conduct of the personal representative. State probate codes almost universally allow this appointed estate administrator to bill the estate for his or her services. Compensation… Continue Reading →

Surety Reinsurer Fickleness

Surety reinsurance can be difficult to procure. Reinsurers can be fickle, changing their preference and appetites for many reasons. Some treaties and cession agreements can be merely an accommodation. Others can severely restrict the classes of surety bond for which… Continue Reading →

Los Angeles City Grading Permit Bond

Undertaking construction projects in the City of Los Angeles can be complex and challenging. From acquiring the necessary permits to adhering to stringent regulations, builders, contractors and developers face numerous hurdles. One critical requirement that developers must fulfill is obtaining… Continue Reading →

DC Personal Representative Bond

A DC personal representative bond is required of probate administrators unless specifically waived. D.C. Code §20–502 is instructive. Subsection (a) clearly defines the requirement. “Unless excused from filing a fiduciary bond by the decedent’s will or written waiver of all… Continue Reading →

Florida Personal Representative Bond

A Florida probate bond is generally the bond of a personal representative. Administrator, administratrix, executor, executrix, trustee under a will, etc., are synonymous with “personal representative” as defined by Florida law. 733.402 of the Florida Statutes defines the requirement. Pursuant… Continue Reading →

North Carolina Probate Bond

A North Carolina probate bond is required of applicants for a fiduciary role in the estate of deceased persons under specific circumstances. An administrator bond (or administratrix), executor bond and probate bond are synonymous within the fiduciary class of business…. Continue Reading →

Guardianship Bonds ~ Women’s Behavioral Health

Surety bond underwriters involved in the review of guardianship bond applications must consider many factors when determining that a principal is capable of caretaking not only of a ward’s assets but of the ward himself or herself. The National Guardianship… Continue Reading →

Montana Preliminary Injunction Bond

Title 27 of the state annotated code establishes the Montana preliminary injunction bond requirement and the appropriate procedure for moving and perfecting an injunction. Chapter 19 (Parts 1-4) are instructive. A temporary injunction may be granted when the following criteria… Continue Reading →

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