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guardians

Bond Legislation Updates December 15, 2015

Nevada Private Professional Guardians Must Be Licensed and Bonded

Court appointed private professional guardians in Nevada must now become licensed and obtain a surety bond in order to act as a fiduciary for a person or estate. Private guardians are typically appointed to the…


private schools

Bond Legislation Updates December 9, 2015

Nevada Private Schools Receiving ESA Funds Must Post Bond

Nevada’s newly introduced Education Savings Account (ESA) program carries a surety bond requirement for private schools that receive money from the program. ESA and the surety bond requirement were established by Senate Bill 302, signed…


contractor

Bond Legislation Updates November 18, 2015

Demo Contractor License Required In Philadelphia

The last of five bills governing Philadelphia demolition contractors went into effect on November 1, 2015 after being signed by Mayor Nutter in August. Following a June 2013 demolition accident in which six people were killed and fourteen injured, the…


motor fuel

Bond Legislation Updates November 9, 2015

Bond Required for West Virginia Motor Fuel Industry Professionals

The West Virginia State Tax Department has adopted new regulations requiring the purchase of a continuous (remains in full force and effect until cancelled) motor fuel tax surety bond when becoming licensed in several areas of the…


used tire

Surety Bond News November 6, 2015

Illinois Used Tire Facilities May Post Bond as Financial Guarantee

The Purpose of Used Tire Facilities In an effort to curb the detrimental effects caused by improper treatment of used tires, Title XIV of the Illinois Environmental Protection Act specifies that only designated facilities may remove or dispose of used…


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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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