SURETY BOND BLOG

Monthly Archives: June 2010

Proceedings of public official surety bonds arrange a variety of contacts with officials. They may volunteer to assist with political campaigns or call on public officials in their offices. The producers are required to speak to sureties well before elections. Sureties have the option to choose not to write public official bonds in a specific read more »

A new law was presented in Ohio State relating to oil wells. The new law is titled SB 165 and provides procedures for acquiring a momentary inactive status for an oil or gas well. Upon the third renewal of this status, a surety bond of no more than $10,000 for every inactive well is necessary. read more »

SB 56 is a new study measure in the State of New Hampshire concerning the Commission to Study Issues Relative to Groundwater Withdrawals. SB 56 directs the Commission to Study Issues Relative to Groundwater Withdrawals to examine the amount of financial accountability that would be essential for hefty withdrawals of groundwater. The Commission must consider read more »

SB 184 is a new law that was presented in Minnesota State relating to post-secondary institutions. The new law authorizes alternative types of security for the present surety bond required of post-secondary institutions that have dropped below the U.S. Department of Education’s minimum financial standards to partake in Title IV programs. The present legislation requires read more »

A new bill was enacted affecting real estate appraisal management companies in the State of Tennessee. The new bill, which is titled HB 3191, requires real estate appraisal management companies to register and acquire a $50,000 surety bond. The new legislation states that the particulars regarding the surety bond would be established by regulation. HB read more »