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Surety Bond News April 14, 2020

States Allowing Online Remote Notarization in Response to COVID-19

What Is An Online Notary? Due to recent developments regarding COVID-19, many states have allowed notaries to transition to performing remote, online notarizations in the interest of protecting the health of both notaries and their…


Surety Bonds a Part of Michigan Gaming Legislation

Bond Legislation Updates March 25, 2020

Michigan Gaming Legislation Includes New Surety Bond Requirements

Ding, ding, ding! The slot machine indicates someone has hit the jackpot. Clank, clank, clank! The familiar sound of the coins exiting the machines fills the casino. Shuffle, shuffle, shuffle! The dealers rearrange the cards…


Buy Here, Pay Here Used Car Dealers in Illinois Need Surety Bonds

Bond Legislation Updates February 5, 2020

“Buy Here, Pay Here” Used Car Dealers in Illinois Need Surety Bonds

Illinois used auto dealers who finance the sale of vehicles in-house are required by House Bill 3269 to be licensed and post a surety bond or certificate of deposit. What is the required surety bond…


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…


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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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