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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…


nonresident employers

Bond Legislation Updates March 20, 2017

Nonresident Employers in Wyoming Face Surety Bond Increase

Wyoming nonresident employers’ surety bond amount will increase following the passage of House Bill 221. The Insider covered this bill before it was passed in Part 3 of last month’s legislation watch series. Nonresident employers are those…


student loan servicers

Bond Legislation Updates March 15, 2017

D.C. Student Loan Servicers Need Surety Bond

Washington, D.C. student loan servicers will need to post a surety bond following the passage of B21-0877. Student loan servicers handle billing and other services like loan consolidation and repayment plans. The bill became law…


Private career schools in New Jersey need a surety bond

Bond Legislation Updates March 8, 2017

Surety Bond Required For Private Schools In New Jersey

New Jersey private career schools must purchase and file a surety bond that is $20,000, or 5% of the annual gross tuition income from the previous 3 years, whichever amount is greater. Private career schools…


auto industry

Licensing Guides February 2, 2017

Types of New York Auto Industry Professions

In the state of New York, there are several licenses you can obtain to be a part of the state’s auto industry. Find out more about the various licenses you can obtain through the Department of…


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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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