North Dakota State enacted a new law concerning all-inclusive care for the elderly. The new law, which is titled SB 2318, requires a qualified program of all-inclusive care for the elderly functioning in North Dakota to acquire a surety bond in a quantity that cannot surpass $500,000. The surety bond can be interchanged with an insurance policy. Such operations are those managed by non-profit factions that the federal Centers for Medicare and Medicaid Services has authorized.
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.