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SURETY BOND BLOG

Monthly Archives: August 2010

31
Aug
2010

Missouri Real Estate Appraisal Management Bond

HB 1692 is a new law that was enacted in Missouri State relating to real estate appraisal management companies. The new legislation requires real estate appraisal management companies to acquire a $20,000 surety bond. HB 1692 states that additional particulars regarding the surety bond requirement will be established through regulations. The SFAA and AIA cooperated read more »




30
Aug
2010

Florida Surety Bond Rate and Form Filing

The State of Florida introduced a new bill concerning specified commercial lines and their rate and form filing procedures. The new bill is named SB 2176 and excuses particular commercial lines from Florida’s rate and form filing requirements. Both surety and fidelity are included in the lines for notice to the insurance department that must read more »




27
Aug
2010

Arizona Real Property Appraisal Management Bond

The State of Arizona enacted new legislation relating to real property appraisal management companies. The new law, which is referred to as SB 1351, requires real property appraisal management companies to become registered and acquire a $20,000 surety bond. When SB 1351 was originally introduced, the surety bond quantity was $50,000.




26
Aug
2010

Georgia Worker’s Compensation Bond

Self-insured workers’ compensation plans are affected by a new bill in the State of Georgia. The new bill is named HB 1101 and boosts the minimum quantity of the security deposit required for self-insured workers’ compensation plans from $100,000 to $250,000. HB 1101 also requires the security to be active until every claim under the read more »




25
Aug
2010

North Carolina Pre-Need Funeral Bond

SB 18 is a new law that was introduced in 2009 affecting North Carolina cemeteries; the law repealed the pre-need funeral surety bond. This law originated from the insolvencies of two cemeteries. The surety company was prepared to pay the claims of the individuals whose contracts were not fulfilled, but the quality of the cemeteries’ read more »




24
Aug
2010

New Jersey School Board Bond

New Jersey State enacted a new bill relating to local school boards. The new bill is named SB 1287 states that local school boards lacking a treasurer of school funds must have its secretary of the board to execute the responsibilities of the treasurer. The new bill requires the secretary to acquire a surety bond read more »