SURETY BOND BLOG

Tag Archives: GA

Driver training schools in Georgia already need a surety bond to become licensed; now they need a bigger bond thanks to a new bill. The new bill is named HB 269 and quadruples the bond required of driver training schools to $10,000. The bond is meant to guarantee the school’s compliance with State laws.

The bond required of Georgia continuing care facilities now guarantees something new thanks to a new law. The new law is named SB 166 and states that the bond serves as financial assurance to guarantee the contractual obligations of the continuing care provider to the facility’s residents instead of just guaranteeing compliance with regulations alone.

The state of Georgia has enacted a new law affecting the Georgia Department of Transportation. The new law, which is named HB 137, terminates the $500,000 surety bond previously required of the Director of Planning for the Georgia Department of Transportation. The previous legislation set the bond requirement in order to guarantee that the responsibilities read more »

Georgia pharmacy benefit managers may be affected by new rules that were recently presented. The Georgia Office of the Insurance Commissioner suggested a new law enacted under SB 310 (2010) that requires pharmacy benefit managers to obtain a $100,000 surety bond from a state licensed surety company. Additionally, a minimum $250,000 errors and omissions insurance read more »

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 »