On January 26th, 2009, a law was introduced relating to home food service plans salespeople in Colorado State. The new law, which is named SB 117, requires sellers of home food service plans to be licensed and to acquire a surety bond from a state licensed surety company. The surety bond is conditioned on compliance and fulfillment of the proposed bill and must be in an amount that can not surpass $50,000. The Commissioner of Agriculture will establish the quantity required. SB 117 authorizes direct actions on the surety bond.
Eric is the Webmaster of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.