It was a complete surprise to all in the surety industry, as well as J.R. Olsen Bonds employees, that the agency suddenly closed its doors after 30 years in the… Read more »
Category: Surety News
New Jersey Design-Build Contract Bonds (NJ A 1285)
The Design-Build Construction Services Procurement Act (New Jersey Assembly No. 1285) establishes procedures for awarding design-build contracts in the state of New Jersey. Solicitations for these contracts are required to… Read more »
Freight Forwarders Need Broker Bond Thanks to MAP-21
MAP-21, the multi-faceted legislation that addresses highway funding and safety includes controversial provisions that will forever change the trucking industry in October. While some language is subject to interpretation, it… Read more »
AR Roofing Contractor Registration Surety Bonds
Arkansas House Bill 1800 requires all Arkansas roofing contractors to register with the Residential Contractors Committee (effective January 2022). Among other requirements, a surety bond is needed to complete an… Read more »
Georgia Structured Settlement Payment Transfer Bonds
The Georgia Structured Settlement Protection Act (Georgia House Bill 443) sets new requirements regarding structured settlement payment rights transfers. This includes, among other things, registration and surety bond requirements. Amending… Read more »
Surety Bonds Vs. Money In Escrow
Green energy is here to stay and the state of Illinois is taking advantage of it via wind farms. Once the wind farms have served their point, they must be… Read more »
