Utah legislatures seem to be trimming off quite a few surety bond requirements for various state officials. The officials that no longer need bonds to work legally include the treasurer of the regional grazing boards, employees of the Alcoholic Beverage Control Commission; the Labor Commissioner and the Labor Commission’s employees; the adjutant general, the property and fiscal officers of the United States for the Utah National Guard; the business administrator including other appointed board officers of a local school board; the Transportation Commission; the Utah Insurance Commissioner and employees of the Insurance Department; officers of the State militia; the officers and employees of the Division of Finance; employees of the Division of Fleet Operations and Administration of State Motor Vehicles; the State Auditor; and the Attorney General. Hopefully the termination of all of these public official bonds doesn’t backfire on the state since the individuals in the list above are no longer required to be covered by a surety bond which in the end is meant to protect public money.
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.