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Storm Shelter Manufacturers Bond

Bond Legislation Updates August 14, 2012

$20,000 Alabama storm shelter manufacturers bond required

Resident and nonresident manufacturers of prefabricated storm shelters sold in Alabama must now file a $20,000 surety bond with the Alabama Emergency Management Agency. Gov. Robert Bentley signed SB 136 into effect on April 17,…


Wyoming MMA Promoters

Bond Legislation Updates August 14, 2012

Wyoming MMA promoters now need $10,000 surety bonds

Gov. Matt Mead signed Wyoming HB 87 into effect on March 8, 2012. Enacted to encourage legally certified mixed martial arts events to be held in the state, the law: establishes the mixed martial arts…


Surety Bond Guarantee application

Surety Bond News August 6, 2012

SBA streamline Surety Bond Guarantee application process for contractor bonds

The Small Business Administration recently ruled to amend the regulations surrounding its Surety Bond Guarantee application process. In an effort to streamline the application process for contract bonds in amounts less than $250,000, the SBA…


vocational schools

Bond Legislation Updates July 31, 2012

Illinois private business and vocational schools surety bond requirement

Intending to improve the way Illinois provides “for the protection, education, and welfare of the citizens…and welfare of the students of its private business and vocational schools,” the Private Business and Vocational Schools Act of…


Insurance Administrators

Bond Legislation Updates July 30, 2012

With surety bonds, insurance administrators in Idaho can file unaudited financial reports

In March of this year, the U.S. House of Representatives passed Idaho HB 420 with a unanimous vote. Insurance administrators must still file a $100,000 Idaho surety bond before they can be licensed. When filing…


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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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