New legislation was introduced in the state of Illinois concerning care facilities. The new law, which is named SB 1704, requires care facilities to attain a surety bond or alternative security to protect resident funds that a facility’s employees managed against loss, thievery, and insolvency. SB 1704 became active on July 1st, 2010.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.