Legislators in Washington State have implemented a new law relating to the surety world. The new law is named SB 5769 and implements new standards for coal-fired electricity generating facilities which states that facilities subject to closure under present law must guarantee that funds will be accessible for the closing of the facility while agreeing with its decommissioning plan; surety bonds are among the options to guarantee the funds will be available.
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.