Purpose and Process of Securing an Auto Dealer bond

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

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 Illinois Vehicle Code have taken effect. The changes will include a surety bond increase for new vehicle dealers and used motor vehicle dealer license applicants …

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What Is A Surety Bond And Why Do I need One?

Auto Dealer Bond Process

A Car Dealers Guide To obtain an Auto Dealer Bond As the owner of an auto dealership business, you should probably know that purchasing an Auto Dealer Bond is one of the requirements to secure a license and legally operate. Auto dealers are required by law to obtain an Auto Dealer Bond as a …

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Surety Company Launches

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

Surety Bond Authority Launches Company to Make Surety Bond Process Simple November, 30th, 2016 – Woodland Hills, CA Surety Bond Authority, Inc., announces the launch of our new Surety Bond Company. Initially, Surety Bond Authority is offering its services in California, with plans to expand nationwide. “I’ve been working with the surety bond industry virtually …

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How Do Surety Bonds Protect Consumers: A Consumer’s Guide

Leave a Comment / Surety Bond Benefits / By Greg Rynerson, CPCU

As a consumer, are you truly aware of what types of laws or bonds have been put into place to protect you? At some point or another, most of the businesses you shop at are required to agree to a surety bond to legitimize their business. So how exactly do these bonds affect you? There …

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Surety Bond Myths and Misconceptions

Leave a Comment / Blog / By Greg Rynerson, CPCU

Unless you’re an expert, what you think you know about surety bonds may not be that accurate. There are a lot of myths and misconceptions out there. However,surety bonds are not nearly as expensive or confusing as many may think. If you are in the market for a surety bond, we want to dispel some …

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What Is A Surety Bond And Why Do I need One?

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

When it comes to surety bonds, many do not know what they are, especially when there is a necessity for one. If you, like many others, are being required to seek a surety bond by an obligee and do not understand what they are and what they entail, here is everything you need to know. …

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