Members of the Alcoholic Beverage Control Commission (ABC) in the State of North Carolina must follow a new law that was recently enacted. The new law is labeled HB 1717 and amplifies the quantity of the required surety bond for both the local board members of the Commission and the local store administrators from $5,000 to $50,000. The new law would have initially boosted the required surety bond quantity up to $100,000 but the law was modified.
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.