A new bill was introduced on April 27th, 2009 concerning Insurance Code in the state of Louisiana. HB 369 amended the Insurance Code to establish separate definitions for surety and fidelity as lines of insurance. The previous law characterized both fidelity and surety as one line of insurance. HB 369 was put in to action on July 6th, 2009.
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.