Greg Rynerson, Author at Surety Bond Authority

Surety Bond Authority Launches Nationwide Surety Bond Services for the Cannabis Industry

Leave a Comment / Blog, Press Releases / By Greg Rynerson

California-based Bond Company is now offering marijuana surety bonds for the Cannabis industry across the country Los Angeles, CA, August 15, 2017 — Surety Bond Authority, Inc., a surety bond company based in California, is now expanding its service reach by providing marijuana surety bonds in every state that require them as part of the licensing, …

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The Surety Underwriting Process: What You Need To Know

Leave a Comment / Blog, What Is A Surety Bond / By Greg Rynerson

In the process of obtaining surety bonds, you may come across the underwriting process. This process is quite intimidating, especially to new surety bond applicants. Here, we provide a brief overview of how surety bond underwriters identify risks, understand terms and conditions, and evaluate the Principal’s three C’s. This outline also includes information the surety …

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surety bond modifications cancellations renewal

Surety Bond: Modifications, Cancellations and Renewal

Leave a Comment / Blog, What Is A Surety Bond / By Greg Rynerson

Did you know that surety bonds can also be changed/modified, canceled, or renewed? This article will help you glean useful insights in case you are in dire need of bond modifications, cancellations, and renewal. Modification Your existing surety bond can be modified through the issuance of a surety bond rider. A surety bond rider …

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Surety Bond Update: New Bill Changes Set Higher California Oil and Gas Well Bond Amounts

Leave a Comment / Blog, Commercial Bonds, License and Permit Bonds / By Greg Rynerson

The 2016 Assembly Bill 2729 introduced new changes for licensing and bonding requirements for oil and gas wells operators in California, which will become effective come January 1, 2018. The Bill has set higher bond amounts for oil and gas wells operators who want to use the blanket bond option to ensure legal compliance in …

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SURETY BOND UPDATE: Appraisal Management Companies in New Jersey Are Now Required to Submit a Surety Bond

Leave a Comment / Blog / By Greg Rynerson

Appraisal management companies in New Jersey will now need to comply with the new surety bond prerequisite to become registered. This requirement is part of the Appraisal Management Company Registration and Regulation Act or the New Jersey Assembly Bill 1973 that has been approved last May 11, 2017. The appraisal management companies who are applying …

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SURETY BOND UPDATE: A New Arkansas Act Specifies the Years of Mortgage Broker Surety Bond Claims

Leave a Comment / Blog / By Greg Rynerson

One of the primary reasons why a surety bond is required of mortgage brokers is for client protection. If the licensed mortgage broker suddenly defaults on the obligations required, the mortgage broker’s clients will be justly compensated via claims made on the surety bond. Recently, House Bill 1801 has made important changes to the Arkansas …

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SURETY BOND UPDATE: An Increase in Used Motor Vehicle Dealer Bond Amount in New York Has Taken Effect

Leave a Comment / Blog / By Greg Rynerson

Attention all used motor vehicle dealers in New York! Since March 28, 2017, the surety bond amount has increased as mandated by the New York Assembly Bill 8166. Before the passing of the bill above, the surety bond amount required for used motor vehicle dealers in New York who are selling less than 200 used …

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Surety Bond Authority Announces Available Nevada Surety Bonds for the State’s Diverse Markets

Leave a Comment / Blog, Business Owners and Surety Bonds, Commercial Bonds, Construction Bonds, Court Bonds, License and Permit Bonds, Press Releases, Surety Bond Benefits, What Is A Surety Bond / By Greg Rynerson

Surety Bonds in Nevada with Surety Bond Authority California-based surety bond company extends its surety bond services to the Silver State. Los Angeles, CA, July 11, 2017 – Surety Bond Authority, Inc. widens its surety bond availability as it now reaches Nevada’s contractors, businesses, and residents. The company’s surety bond products and programs provide bonding …

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What is a Surety Bond: Parties, Types, Requirements

4 Comments / Blog, What Is A Surety Bond / By Greg Rynerson

A surety bond is part credit, part insurance that serves as a guarantee to ensure the fulfillment of obligations as specified in a legally-binding contract. Who are the people involved in a surety bond? A surety bond consists of a three-way party. Each party involved has a distinct role and responsibility with one another. …

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Tips on Selecting a Surety Bond Company for Your California Business

2 Comments / Blog, Business Owners and Surety Bonds, Surety Bond Benefits, What Is A Surety Bond / By Greg Rynerson

While surety bonds are now becoming the core requirement before conducting business in California, choosing a Surety Bond Company in California can get confusing. Here are some tips to help you get started. If you created a business in California, it might be in your interest to post a surety bond. Surety bonds are available …

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Author name: Greg Rynerson