Business Service Bonds: Consumer Protection Series
Dealing with theft from hiring a company without a bond is more common and damaging than we realize. For Denise Moore, this exact scenario became a reality. Moore is a Missouri woman who hired a…
Surety Bonds Offer Consumer Protection
Surety bonds are the metaphorical superhero for consumers. They save customers from having to dig into their own pockets if negligence occurs when working with businesses. While a general business insurance policy protects a hired…
Shifting Gears: Missouri Motor Vehicle Dealer Legislation Updates
Effective August 28, 2020, Missouri House Bill 1963 modified an existing law by introducing an increased surety bond requirement for motor vehicle dealers. Under the bill, dealers must post a $100,000 surety bond or irrevocable…
North Dakota Public Adjusters Now Need Surety Bonds
Effective on August 1, 2019, House Bill 1219 established the requirement that North Dakota public adjusters are to be licensed and have a $20,000 surety bond. Previously, those who held a consultant license were granted…
Surety Bond Required for North Dakota Discount Medical Plan Organizations
The enactment of North Dakota Senate Bill 2102 on August 1, 2019 amends the North Dakota Century Code as it pertains to North Dakota discount medical plan organizations. This bill adds chapters 26.1-53.1 to the…