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home service contract providers

Bond Legislation Updates April 3, 2017

Surety Bond Requirement for Virginia Home Service Contract Providers

Home service contract providers in Virginia must purchase and file a surety bond, according to House Bill 1542.  What is a home service contract provider? Under HB 1542, home service contract providers are defined as…


small craft breweries

Bond Legislation Updates March 30, 2017

New Bond for Small Craft Breweries in Mississippi

Mississippi House Bill 1322 will allow small craft breweries in the state to sell their products on the premises, for consumption on or off the premises. The bill takes effect on July 1, 2017 and includes…


virginia contractors

Bond Legislation Updates March 29, 2017

Virginia Contractors Given Surety Bond Option

Class A and B Virginia contractors will have the option to post a surety bond to satisfy the minimum net worth requirement following the passage of Senate Bill 1113, which takes effect July 1, 2017. If…


colorado vin verification

Bond Legislation Updates March 27, 2017

Colorado VIN Verification Subject to New Bond

Signed into law on March 16, 2017, HB 1105 calls for the chief of the Colorado State Patrol to create a pilot program by January 1, 2018, authorizing transportation management associations and organizations to engage in the…


mineral mine

Bond Legislation Updates March 24, 2017

Virginia Mineral Mine Operators See Surety Bond Increase

Virginia mineral mine operators’ surety bond has increased following the passage of House Bill 1509. The new law takes effect on July 1, 2017. Under current law, mineral mine operators must provide a surety bond in…


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What is a surety bond?
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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