Surety Bond Blog » NH

New Hampshire Manufactured Home Bond

Eric Weisbrot — Tue, 17 Jan 2012 12:12:03 +0000

Updated surety law offers a new option for manufactured home installers in New Hampshire. The new bill is titled SB 116 and allows an employer to obtain a surety bond that is required of manufactured home installers as opposed to an individual installer having to obtain the bond.

New Hampshire School Bond

Eric Weisbrot — Tue, 11 Oct 2011 19:32:46 +0000

Postsecondary schools in New Hampshire are affected by a new law that was enacted this past June. The new law is named HB 2 and requires a private postsecondary career school to obtain a surety bond to guarantee the fulfillment of their obligations relating to contracts for tuition and other fees between the school and the students. The bond will be calculated by 10% of the gross tuition it received, but can be no less than $10,000. Should a school not fulfill its obligations, HB 2 states that the bond will be canceled and its proceeds will be dispersed by the Commissioner of the Department of Education.

New Hampshire Life Settlement Provider Bond

Eric Weisbrot — Fri, 16 Jul 2010 18:04:59 +0000

Life settlement providers must abide by a new law in the State of New Hampshire. The new law is labeled HB 660 and enacts the model act for both life settlement providers and brokers of the National Association of Insurance Commissioners (NAIC). Under the new law, providers and brokers are required to attain a $250,000 surety bond. Surety bonds are amongst the financial instruments authorized to satisfy this requirement.