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The New Hampshire money transmitter laws are now effective

Bond Legislation Updates January 25, 2016

New Hampshire Money Transmitter Laws Now Effective

New Hampshire House Bill 666 went into effect on January 1, 2016, establishing licensing procedures for money transmitters in the state. The changes appear in Revised Statutes Title 36, Chapter 399-G. The enacted bill includes a…


self-insurance

Bond Legislation Updates January 22, 2016

Group Self-Insurance Bond for Michigan Employers

Employers in Michigan that are required to provide workers’ compensation insurance now have another coverage option with the passing of House Bill 4362. Effective February 14, 2016, some employers will be able to partner with other employers…


nevada mortgage servicers

Bond Legislation Updates January 20, 2016

Nevada Mortgage Servicers Now Need Surety Bond

Previously, mortgage professionals, such as brokers or lenders, were required to become licensed and were subject to guidelines established by the Nevada Mortgage Lending and Related Professions Act. However, Nevada mortgage servicers were not subject…


flagging contractors

Bond Legislation Updates January 18, 2016

Oregon Construction Flagging Contractors Need Bond

Construction flagging contractors in Oregon will soon be required to become licensed and post a surety bond following the passing of Senate Bill 596. Signed into law on June 10, 2015, the bill takes effect…


vegetation pruning permit

Bond Legislation Updates January 14, 2016

Bond Needed for Vegetation Pruning Permit in Kentucky

The Kentucky Highway Department of the Kentucky Transportation Cabinet passed amendment 603 KAR 5:155, which requires a vegetation pruning permit in order to remove or prune vegetation located next to state roadways. One requirement of the new…


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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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