Wyoming Trust Company Bond Increase

February 25, 2019

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What's the New Surety Bond Requirement?

In the state of Wyoming, a new bill titled HB 30 increases the minimum amount of the surety bond required for trust companies from $100,000 to $1 million. The bond is required to secure the costs that the State Banking Commissioner incurs if the trust company is put into receivership or liquidation if the company becomes unsafe.

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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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Eric Weisbrot

Eric is the Digital Marketing Manager at JW Surety Bonds, with a remarkable 14 years of experience in the surety sector. Throughout his journey in the surety industry, he has undertaken a range of roles, starting as an agent assistant and progressing to the role of bond issuer. This diverse professional background equips him with a unique insider's perspective on all matters concerning surety bonds.