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North Dakota Public Adjusters Now Need Surety Bonds

Bond Legislation Updates November 20, 2019

North Dakota Public Adjusters Now Need Surety Bonds

Passed earlier this year and effective on August 1, 2019, House Bill 1219 established the requirement that North Dakota public adjusters are to be licensed and have a $20,000 surety bond. Previously, those who held…


Surety Bond Required for North Dakota Discount Medical Plan Organizations

Bond Legislation Updates November 6, 2019

Surety Bond Required for North Dakota Discount Medical Plan Organizations

The enactment of North Dakota Senate Bill 2102 on August 1, 2019 amends the North Dakota Century Code as it pertains to North Dakota discount medical plan organizations. This bill adds chapters 26.1-53.1 to the…


Utah House Bill 453 Creates Liquor Transporter Surety Bond

Bond Legislation Updates October 30, 2019

Utah House Bill 453 Creates Liquor Transporter Surety Bond

Utah House Bill 453 went into effect on May 14, 2019, and requires every Utah liquor transporter to apply for a license and obtain a surety bond in the amount of $10,000. The Department of…


Missouri Creates Vehicle Rental Business Bond Requirement

Bond Legislation Updates October 16, 2019

Missouri Creates Vehicle Rental Business Bond Requirement

Under Missouri Senate Bill 368, a vehicle rental business that rents or leases motor vehicles, trailers, boats, or outboard vehicles must post a surety bond in the sum of $100,000. The Missouri Department of Revenue…


Montana Notaries Subject to Increased Bond Amount

Bond Legislation Updates October 9, 2019

Montana Notaries Subject to Increased Bond Amount

Effective as of October 1, 2019, Montana notaries must now obtain a $25,000 surety bond to comply with the new requirements established by House Bill 370. Previously, the Montana secretary of state’s office required notaries…


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What is a surety bond? Learn more below.
What Does It Mean to be ‘Bonded’?

What Does It Mean to Be ‘Bonded’?

The phrase “licensed, bonded and insured” appears frequently in business advertising—but what does it mean?


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