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construction bonds

4 Types of Problems Small-Scale Contractors Face – Which One Are You Currently Having?

By Greg Rynerson, CPCU | Mar 1, 2018
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The construction industry is expected to experience healthy economic times. Construction spending, for one, continuously grows according to the Department of Commerce. In fact, construction spending grew to $1.257 trillion late last year. Not […]

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Illinois Motor Vehicle Dealer Surety Bond Amount Increase

SURETY BOND UPDATE: Illinois Motor Vehicle Dealer Surety Bond Amount Increase

By Greg Rynerson, CPCU | Feb 22, 2018
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The motor vehicle dealer law in the State of Illinois has been relatively unchanged for quite some time. But since the 1st of January 2018, newly amended provisions of the […]

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how to verify surety bond

How can a surety bond be verified?

By Greg Rynerson, CPCU | Feb 14, 2018
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Much has been said about the key players of a surety bond, the process of obtaining a bond, and the role a surety bond plays in a specific industry or business. However, the issuance of […]

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cash

Oregon’s New Requirements for Mortgage License

By Greg Rynerson, CPCU | Jan 8, 2018
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Senate Passes Bill Requiring Mortgage Servicers in Oregon to Acquire a License The passing of Senate Bill 98 in August of 2017 signals a change for all mortgage servicers in […]

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Surety Bond Authority launches scholarship program

Surety Bond Authority Launches Scholarship Program for High School and College Students

By Greg Rynerson, CPCU | Dec 1, 2017
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Scholarship program aimed at students pursuing Accounting, Banking, and other finance-related fields LOS ANGELES – Nov. 21, 2017 — Surety Bond Authority, a California-based surety bond company, is launching a scholarship program that aims to […]

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Surety Bond for Cryptocurrency

Surety Bond for Cryptocurrency: How it works and which states are requiring it

By Greg Rynerson, CPCU | Nov 27, 2017
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Cryptocurrency is a double-edged sword depending on whom you talk to, or at least read about online and in print. Some are getting a virtual high with cryptocurrencies, while others […]

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car wash businesses

SURETY BOND UPDATE: The City of New York Increases the Bond Amount Required for Car Wash Businesses

By Greg Rynerson, CPCU | Nov 20, 2017
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To protect the employees of car wash businesses in the City of New York, the surety bond amount required for the said businesses has been increased. Under the Car Wash […]

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Surety Bond Requirement for Mortgage Loan Servicers

SURETY BOND UPDATE: Surety Bond Requirement for Mortgage Loan Servicers is Reinstated in New York

By Greg Rynerson, CPCU | Nov 13, 2017
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As of July 23, 2017, the Superintendent of Financial Services of the State of New York has reinstated Part 418 of the Superintendent’s Regulations and Supervisory Procedures. This section will […]

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surety bond update

SURETY BOND UPDATE: Bigger Opportunities for Small Contractors in New Jersey Thanks to the Amended SBA Surety Bond Program

By Greg Rynerson, CPCU | Nov 10, 2017
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Surety Bond Update for Small Contractors in NJ with Surety Bond Authority The U.S. Small Business Administration has recently announced the changes made to the Surety Bond Guarantee (SBG) Program […]

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elements to a bond form

Elements to a Bond Form

By Greg Rynerson, CPCU | Oct 16, 2017
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Surety bonds are not limited to a specific contract. The scope of the contract guaranteed by the Surety is outlined in the bond form. Each state or jurisdiction has its […]

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