There is a new MVD (Motor Vehicle Dealer) bond law in the state of West Virginia under the name of HB 4364.The new law more than doubles the mandatory amount of the motor vehicle dealer license bond from $10,000 to $25,000. The new law was enacted on 04/01/2008 and became active on 06/8/2008.
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West Virginia MVD Bond Increase
August 23, 2009 by Eric WeisbrotCategory: Auto Dealer Bonds, Commercial Bonds, Surety NewsTags: bond requirements, legislation, surety bond, west virginia, wv | Comments (0)
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JW_Surety_Bonds Twitter Weekly Updates for 2009-08-23
by Michael Weisbrot- Disagreement over surety bond requirements in Louisiana http://bit.ly/rTUTk #
- "Ahead of the Bell: McDermott International": AP: McDermott Ahead of the Bell: McDermott International – Forbes… http://bit.ly/Iz0t9 #
- "House speaker questions whether State Bond Commission has authority over surety bond: "Donelon and Citizens Chi.. http://bit.ly/v180N #
- Performance Bond information from JW Surety Bonds http://bit.ly/4WCW9 #
- Surety Bonds 101 | What are surety bonds? | Free video tutorials from JW Surety Bonds. See: http://bit.ly/2YQ4nR #
- Commented on Getting Your New Business Bonded / Surety Bond Blog | JW Surety Bonds http://tinyurl.com/kp4sxm #
- Ripped from Twitter: Zurich & Panama Canal: BryanKeIIy: RT @JW_Surety_Bonds: Zurich backs $5.25 billion #surety .. http://bit.ly/hJfVM #
- Zurich backs $5.25 billion in surety bonds for Panama Canal reconstruction http://tinyurl.com/m6cou5 #
Category: OtherTags: tweets, twitter | Comments (0)
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Colorado Home Health Agency Bond
August 22, 2009 by Lisa Grimsley
The Colorado State Board of Health is now required to adopt rules for home health agencies to obtain professional liability insurance or a surety bond. The required amounts of the bonds will be set by these rules. This amendment SB 153 became effective on August 5, 2008.Category: Commercial Bonds, Surety NewsTags: bond requirements, co, colorado, home health agency bond, legislation, surety bond | Comments (0)
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Bowling Green Virginia Public Official Bond
August 21, 2009 by Eric Weisbrot
Virginia has enacted a new law named SB 505 for public officials. The new law modifies the town charter for Bowling Green. The new modification authorizes the town council to accept a surety bond from an elected or appointed officer; the council will approve and establish the bond amount. The bond is conditioned on the dependable performance of the office that the bond was posted for. SB 505 became effective immediately after enactment under emergency declarations. Category: Commercial Bonds, Surety NewsTags: bond requirements, legislation, surety bond, va, virginia | Comments (0)
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Colorado Leasing Company Unemployment Tax Bond
August 20, 2009 by Lisa GrimsleyEffective August 5, 2008, Colorado’s SB 114 amended its law to require employee leasing companies to provide evidence of security of its unemployment tax withholding. This may be done with a surety bond, cash, or a letter of credit. The amount of the surety bond should equal half of the average annual amount of tax that was levied the previous year. For new companies, the company’s own estimate of 50% of the estimated projected taxable payroll for the current year multiplied by the standard tax rate will calculate the amount of the bond. If the company does not wish to provide a bond, cash, or a letter of credit, they may instead provide independently audited CPA prepared financial statements or evidence that a bonded and independent qualified assurance organization has accredited the company.Category: Commercial Bonds, Surety NewsTags: bond requirements, co, colorado, employee leasing company, legislation, surety bond, tax bond, unemployment tax bond | Comments (0)
