On 08/04/2008, a new law was enacted in North Carolina. The new law, named HB 2353, manages irrigation contractors by way of the new North Carolina Irrigation Contractors’ Licensing Board. HB 2353 now requires a license bond in the amount of $10,000. Surety bonds or letters of credit are also acceptable, and any bonds acquired must be issued by a surety company licensed in the state. The bond is conditioned on compliance and is open to direct actions from individuals claiming injuries or loss resulting from a violation of the new law. HB 2353 became operational on October 1, 2008.
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.