On 03/17/2008, the state of Utah enacted HB 125 for public officials. The new law allows a regional grazing board to hire a treasurer who must post a surety bond. The surety bond posted would have to be in the amount of $5,000. When it comes to posting a personal bond, then it would have to be in the amount of $10,000.
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Utah Public Official Bond
September 8, 2009 by Eric WeisbrotCategory: Commercial Bonds, Surety NewsTags: bond requirements, legislation, public official bond, surety bond, ut, utah | Comments (0)
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Tennessee Health Club Bond
September 7, 2009 by Eric Weisbrot
SB 4175, enacted on 06/05/2008, requires Tennessee health clubs to post a bond in the amount of $25,000 with the Department of Commerce and Insurance; securities, cash, and a certificate of deposit are also acceptable. The bond must be sustained for two years after the health club halts doing business in the state. The new law allows the Attorney General to request the total amount of the bond to be granted to the state for consumer reimbursement.Category: Commercial Bonds, Surety NewsTags: bond requirements, health club bond, legislation, surety bond, tennessee, tn | Comments (0)
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JW_Surety_Bonds Twitter Weekly Updates for 2009-09-06
September 6, 2009 by Michael Weisbrot- "WAJ hires new electrical contractor": "WAJ negotiated a takeover agreement with Hanover Insurance, the projectÂ’.. http://bit.ly/mi9hL #
- "SureTec Financial to Buy Back HCC's Interest in Company": "SureTec expects to receive regulatory approval and c.. http://bit.ly/Yhkpg #
Category: OtherTags: tweets, twitter | Comments (0)
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Virginia Employee Benefits Tax Bond
September 5, 2009 by Eric Weisbrot
The state of Virginia has set forth a new law intended for Indian tribes named HB 96/SB 359. The law requires Indian tribes to follow the same benefit and tax payment laws as non-profit and governmental organizations. Indian tribes that choose to finance employee benefits through payments into a fund in lieu of taxes are required to make a deposit of cash/securities or post a surety bond. The new law became active upon enactment.Category: Commercial Bonds, Surety NewsTags: bond requirements, employee benefits, legislation, surety bond, tax bond, va, virginia | Comments (0)
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Virginia Settlement Agent Bond Amount Amendment
September 4, 2009 by Eric WeisbrotVirginia enacted a new law referred to as SB 149. The new law raises the required license bond amount for settlement agents to no less than $200,000. The previous law required a bond of at least $100,000. SB 149 became effective upon enactment.Category: Commercial Bonds, Surety NewsTags: bond requirements, legislation, setlement agent, surety bond, va, virginia | Comments (0)
