What’s the New Surety Bond Requirement?
In North Dakota, a new bill titled SB 2102 requires discount medical plan organizations to register and post a bond for at least $35,000 for the Insurance Commissioner’s discretionary use to protect the financial interests of discount plan members. The bond is not be subject to a levy from any judgment creditor or other claimant of the organization.
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If you’re ready to get a free surety bond quote to meet this new surety bond requirement, you can simply apply online.
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