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SURETY BOND BLOG

Monthly Archives: June 2011

30
Jun
2011

JW Surety Bonds Closed For Independence Day

JW Surety Bonds will be closing at 12:00 PM EST on 07/01/2011 and will remain closed all of 07/04/2011 for Independence Day. We will reopen on 07/05/2011 at 8:30 AM EST. Have a great 4th of July!




28
Jun
2011

BMC-84 Vs. BMC-85: A Fork In The Freight Broker Road

UPDATE: JW Surety Bonds has recently set up an exclusive bond program able to handle the new $75K freight broker bond. The new program offers: Collateral Free Approvals Lowest Rates Approvals Regardless of Credit Strength  5 Minute Approvals With the increased freight broker requirements, it is in your best interest to obtain the surety bond read more »




16
Jun
2011

New Hampshire Executor Bond

Legislators in New Hampshire enacted new legislation concerning executor bonds. The new legislation is named HB 609 and states that when a person dies testate (with a valid will) and there is no surviving spouse leaving an only child as the sole beneficiary and administrator of an estate, a bond will not be required of read more »




15
Jun
2011

Indiana Public Official Bond Update

Indiana public officials are affected by a new bill which alters the surety bond required of them. The bill is named HB 1025 and states that the surety bond required of public officials is no longer an annual bond. The SFAA realized that if the bond was annual it could make it cumulative throughout a read more »




14
Jun
2011

Georgia Driver Training School Bond Update

Legislators in the State of Georgia have implemented a new surety bond bill concerning driver training schools. The new bill, which is titled HB 269, raises the current surety bond required of driver training schools from $2,500 to $10,000 in order for them to stay legal with the state. The higher bond amount provides four read more »




13
Jun
2011

Oregon Landscape Contractor Bond Update

Legislators in Oregon have made some changes to the existing surety bond requirement concerning landscape contractors. The new bill which applies the change is titled HB 2156 and affects landscape contractors with $15,000 bonds; the surety bond will now guarantee backflow assembly testing services provided by employees of the contractor; the contractor’s installation and upkeep read more »