Following the revision of regulations by the Iowa Insurance Division (IID), motor vehicle service contract companies in the state can substitute surety bonds for reimbursement insurance. The regulations were adopted in September and took effect on November 2,…
During the past year, Oklahoma, Tennessee and Wisconsin have adopted or revised various surety bond regulations regarding school choice programs. In many states, private and charter schools must maintain surety bonds to protect students in the…
As of October 15, 2016, Utah vehicle safety inspection stations will need to increase their surety bond amount to $10,000. Prior to the adoption of the new regulations by the Utah Department of Public Safety, only…
A new law, effective this summer, requires some Fayetteville, North Carolina public officials to post surety bonds. Introduced in March 2015, House Bill 392 did not pass until June of this year with a July 1,…
Signed into law in June, House Bill 289 went into effect on October 1, 2016 and amends the way that the North Carolina money transmitter bond amount is determined. Previously, the North Carolina Commissioner of…