Several surety bonds expire on December 31—be sure to renew before that date so you can continue business as usual. Renew before the holidays to limit stress and ensure that your business is in compliance.
Bonds expiring December 31
- Illinois designated agent surety bond
- Indiana mortgage broker surety bond
- Louisiana auto dealer surety bond
- Michigan secondary mortgage broker surety bond
- Montana auto dealer surety bond
- New York public adjuster surety bond (even years only)
- Oklahoma auto dealer surety bond
- Texas bingo gross receipts surety bond
- Texas City of Dallas paving surety bond
- Texas mixed beverage receipts tax surety bond
- West Virginia auto dealer surety bond
Your surety company should remind you that your bond needs to be renewed, but it doesn’t hurt to know your bond’s renewal date. If you haven’t used your bond, that’s good news! It means you’ve been conducting business in accordance with the law and may even result in a lower bond premium—all the more reason to renew on time.
Since your business is required by law to be bonded, avoid a lapse in coverage and get your bond renewed before it expires. Allowing coverage to expire could mean license suspension or even revocation if the lapse is too long. You might face additional penalties, including fines, if you conduct business without a current surety bond.