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timber sales

Bond Legislation Updates January 7, 2016

Surety Bond Now Required for Kentucky Timber Sales

New legislation in Kentucky will require winning bidders on timber sales to furnish a surety bond. Also included in the Kentucky Administrative Regulations 402-3:010 are further guidelines for timber sales. The regulations apply to timber harvested…


nursing homes

Bond Legislation Updates January 6, 2016

Revised Florida Bond for Nursing Homes

Effective December 21, 2015, revised Florida bond requirements for nursing homes have been established due to the passage of Rule 59A-4.103 of the Florida Administrative Code. Section 400.162 of the Florida Statutes requires that all…


georgia scrap tire

Bond Legislation Updates January 5, 2016

Georgia Scrap Tire Carrier Bond Amounts Amended

Effective November 9, 2015, the Georgia Environmental Protection Division of the Department of Natural Resources passed Rule 391-3-4-.19 requiring Georgia scrap tire carriers to obtain a surety bond in an amount of either $10,000 or $20,000, depending on…


postsecondary schools

Bond Legislation Updates January 4, 2016

New Bond Requirement for Oregon Postsecondary Schools

Private for-profit and non-profit postsecondary schools in Oregon, as well as out-of-state private and public schools offering online education in the state, will need to file a surety bond following the passing of House Bill 3516…


ny nail

Bond Legislation Updates December 31, 2015

NY Nail Salons Must Purchase Wage Bond

Following the dismissal of the lawsuit filed by two nail salon associations against the New York Department of State, nail salon owners in the state must adhere to wage bond requirements introduced in July. Businesses employing…


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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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