Oklahoma Governor Kevin Stitt signed a bill that will create a new credit plan for the State of Oklahoma on April 18, 2019. The bill, known as the Small Lenders Act (SLA), includes a surety bond requirement for applicants for … Continued
Obtain Medicare billing privileges through this bond! What is a DMEPOS Surety Bond for Dentists? It is a financial guarantee that the Center for Medicare & Medicaid Services (CMS) requires dentists to submit in pursuance to 42 CFR §424.57(c). Dentists … Continued
Arkansas legislators revised a number of requirements for money transmitters through Senate Bill 187. This includes the bond amount that will cover claims made against the bond. Aside from the money transmitter bond amount, the following are a few of … Continued
On March 12, 2019, a new bill that pertains to oil and gas wells in the Commonwealth of Virginia was passed. The bill (SB 1271) affects a number of rules relating to oil and gas wells including an increase to … Continued
Money transmitters in California continue to evolve and reap the rewards of a thriving industry. In 2017, the NMLS Money Services Businesses Industry Report reveals that money transmitters in the country handled $1.24 trillion worth of transmissions. With the development … Continued
Every surety seeks zero problems in all of the commercial bonds that they issue. But suretyship isn’t perfect. Nobody is. Mistakes can happen. And that’s why surety bond claims are made. Since the surety is the one who practically told … Continued
Signing an indemnity agreement is a standard procedure when obtaining a surety bond. It is second to the last step in the bond process – just right before the bond is issued. As the word suggests, indemnity means protection or … Continued
If you’ve been searching for some insight regarding the upcoming renewal of your surety bond, you’ve come to the right place. We’ll give you a clear understanding on the different types of surety bond renewals and extensions. We’ll also discuss … Continued
It’s easy to get confused about the sections, wording, or clauses of a surety bond form, especially in the beginning. But it’s important to have a good understanding of it because it contains significantly more features than a typical contract. … Continued
Many first-time restaurateurs, bar owners, or liquor store owners are confused about the process of obtaining a California liquor license. Yes, both the state, the Department of Alcoholic Beverage Control, and the counties does impose plenty of rules that needs … Continued