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JW Surety Bonds

North Dakota Public Adjuster Bond

May 7, 2019
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What's the New Surety Bond Requirement? In North Dakota, a new bill titled HB 1219 requires resident public adjusters to be licensed and obtain a bond or insurance for a minimum of $20,000. The bond is for the use and benefit of the Insurance Commissioner for insureds that have remitted fees, …

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JW Surety Bonds

New Arkansas Contractor License Bond Requirement

May 6, 2019
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What's the New Surety Bond Requirement? In Arkansas, a new bill titled SB 342 allows contractors to post a surety bond in lieu of submitting financial statements that are required under existing law. The bond must be in an amount equal to 10 times the amount of the required minimum net worth for …

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JW Surety Bonds

How Your Credit Score Affects Surety Bond Cost

April 9, 2019
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Having strong credit is a necessary part of anyone’s financial life, as it lays the groundwork for getting access to affordable financing for a variety of needs. Lenders and creditors view good credit as an indicator that an individual presents a safe risk as a borrower. A credit score, which is …

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JW Surety Bonds

North Dakota Collection Agency Bond Increase

March 18, 2019
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What's the New Surety Bond Requirement? In the state of North Dakota, a new bill titled SB 2093 increases the amount of the license bond required for money brokers and collection agencies from $25,000 to $50,000. Get a Free Quote Instantly Online If you're ready to get a free surety bond quote to …

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JW Surety Bonds

Wyoming Trust Company Bond Increase

February 25, 2019
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What's the New Surety Bond Requirement? In the state of Wyoming, a new bill titled HB 30 increases the minimum amount of the surety bond required for trust companies from $100,000 to $1 million. The bond is required to secure the costs that the State Banking Commissioner incurs if the trust company …

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