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motor fuel

Bond Legislation Updates July 22, 2013

Ohio creates tax surety bond exemption for motor fuel dealers

Enacted into law on September 8th, 2012, Ohio House Bill 508 exempts motor fuel dealers from having to post the tax surety bond previously required by the Tax Commissioner. Before the law was enacted, dealers…


No Picture

Surety Bond Education July 11, 2013

Top 10 strangest surety bonds

From bid bonds to notary bonds, there are thousands of different types of surety bonds required in the U.S. Although there were several bond types to choose from, here are the top 10 of the…


little miller

Bond Legislation Updates July 1, 2013

Arkansas amends surety bond requirements for projects under Little Miller Act

Referred to the Senate Committee on State Agencies and Government Affairs, Arkansas HB 1251 requires performance and payment bonds for the components of construction projects that fall under the Little Miller Act. For projects that…


performance

Bond Legislation Updates June 27, 2013

South Carolina increases percentage owed on performance and payment surety bonds

Introduced to the South Carolina senate on April 25, 2012, HB 3860 specifies that no construction on a project can begin until all bonds and securities have been delivered to the proper governmental agency. Additionally,…


taxicab

Bond Legislation Updates June 17, 2013

District of Columbia Taxicab Commission adopts surety bond requirement

In addition to adopting a new taxicab number system, the District of Columbia Taxicab Commission has adopted a $50,000 surety bond requirement to benefit the District as a part of the licensing process for taxi…


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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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