Surety Bond News

Travel agents have a new law to abide by in the state of Florida named SB 1310. The new law alters the amount of the surety bond required from travel agents based on whether the agent books travel from Florida to a terrorist state or if the travel agent also sells vacation certificates. Travel agents who certify annually that they do not book travel to terrorist states are required to post a $25,000 bond; a $50,000 bond is required if they also sell vacation certificates. Any agents that certify that they organize travel to terrorist states but have no other business or commercial relationships with said states must acquire a $100,000 surety bond or a $150,000 surety bond if they also sell vacation certificates. The travel agents that certify that they book travel to terrorist states and have other business or commercial relationships with said states must acquire a $250,000 surety bond or a $300,000 surety bond if they also sell vacation certificates.

The state of Rhode Island has enacted a new law referred to as SB 2067. The new Rhode Island law was introduced on 01/15/2008 and is concerning travel agents within the state. SB 2067 eliminates the licensing requirement of a $10,000 surety bond for travel agents. The repeal came about for reasons not relating to the surety bond. The repeal became active upon enactment.