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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…


driving school

Bond Legislation Updates October 8, 2015

Louisiana Private Driving School Bond Decrease

Private driving schools in Louisiana are now required to post a $20,000 surety bond, effective August 1, 2015. Previously the bond requirement in the state was $40,000. Introduced in the Louisiana Senate as HB 170, the…


Bond Legislation Updates October 7, 2015

Florida Revises Citrus Fruit Dealer Bond Coverage

In Florida, citrus fruit dealers are required to post a surety bond as part of their licensing agreement. Florida Administrative Code Rule 20-108.0041 was revised in regulations adopted in August 2015, exempting citrus fruit from coverage…


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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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