What’s the New Surety Bond Requirement?
The new Colorado bill, titled SB 165, increases the required bond amount for public administrators from $25,000 to $100,000. The new law also subjects deputy public administrators to the bond requirement. The new law requires the bond to be filed on an annual basis. This new requirement becomes effective on 08/08/2018.
Why Choose JW Surety Bonds?
We are the nation’s largest volume bond producer, and provide the lowest rates in the industry. It’s also crucial that you understand that you’re responsible to pay any claims filed on your bond. When you partner with our company, you will have a dedicated claim specialist assigned to your account to ensure claim payouts are either reduced or avoided all together.
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If you’re ready to get a surety bond for this newly increased bond requirement, you can simply apply online.