Nevada introduced a new bill concerning the Department of Motor Vehicles. The new bill, which is titled AB 455, authorizes the Department of Motor Vehicles to enter into agreements with motor carriers and service provides to allow them to register vehicles and renew and transfer registrations without applying with the Department of Motor Vehicles. The agreement also allows the motor carriers and service providers to distribute registration credentials on behalf of the Motor Carrier Division of the Department. Motor carriers are required to attain a $25,000 surety bond while service providers must acquire a $50,000 surety bond in relation to the agreement.
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.