Coverage of the latest license bond news—new legislation, updated bond requirements, and everything else you need to know about license and commercial bonds. Need to get a license bond or have a business that needs to be bonded? We also offer tips for getting bonds, scaling your business, and finding the best surety bond company.
For specific bond information, check out our license bond guides. We offer guides for auto dealer license bonds, contractor license bonds, and more.
Connecticut Public Official Bond A new law titled SB 1 requires the Paid Family and Medical Leave Insurance Authority's board of director's officers to post a $50,000 surety bond, a blanket bond covering all officers, board members, and employees, or obtain an equivalent insurance product if they …
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Wyoming Trust Company Bond Due to new legislation, chartered family trust companies must obtain a $1,000,000 surety bond. Also, the surety bond required of public trust companies is now $1,000,000 (which was formerly $100,000). However, no surety bond is required of private family trust companies. …
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Colorado Used Auto Dealer Bond Requirement In Colorado, SB 249 requires businesses selling used motor vehicles to be licensed and to post the $50,000 bond now required for motor vehicle dealers. A business must be licensed if the sale of the used vehicles did not exceed 20% of the business's gross …
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When Do You Need a DMEPOS Bid Bond? The Centers for Medicare & Medicaid Services (CMS) requires DMEPOS suppliers to obtain a bid bond for each CBA (Competitive Bidding Area) they would like to bid on. The required bond amount is $50,000, and once obtained, suppliers must provide proof of the …
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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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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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