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motor vehicle dealer

Bond Legislation Updates October 19, 2015

Oklahoma Used Motor Vehicle Dealer Licensing Changes

Oklahoma used and wholesale motor vehicle dealer licenses are now being issued for a period of 2 years, to be renewed on December 31 of each odd numbered year. Previously licenses had to be renewed annually. The…


driver education

Bond Legislation Updates October 16, 2015

Driver Education Schools in Maine Have New Bond Requirement

Driver education schools in Maine must now post a surety bond, according to new regulations adopted in August 2015. Class A schools must post a minimum $10,000 bond, and Class B schools a minimum $2,500…


Bond Legislation Updates October 15, 2015

New Bond Requirements for Oklahoma Wholesale Drug Distributors

The Oklahoma Department of Pharmacy has revised surety bond requirements for wholesale drug distributors to align with federal law. The Drug Quality and Security Act (DQSA), signed into law by President Obama in 2013, grants the…


Bond Legislation Updates October 14, 2015

Surety Bond Requirement for Oklahoma Employers Self-Insurance

The Oklahoma Workers’ Compensation Commission has regulations surrounding workers’ compensation benefits. These regulations create a program that allows employers to opt out of purchasing workers’ compensation insurance and instead meet requirements to qualify for an…


california contractors

Bond Legislation Updates October 13, 2015

California Contractors License Bond Increase

Effective January 1, 2016, California contractors will need to post a $15,000 surety bond. Previously the required bond amount was $12,500. Senate Bill 467, signed by Gov. Jerry Brown on October 8, also eliminates the…


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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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