Author: Suretypedia Team 9-10-2020 The Subdivision Bond is a tool used by local governments to guarantee the commitments made by land developers in their site plan. Often, developers are allowed by local statute to receive a Certificate of Occupancy (for commercial developments) and record their subdivision plat before completing all of the infrastructure improvements in …
Breaking into the Ground Truth of Subdivision Bonds Read More »
Author: Carolyne Buchanan 4-22-2020 Freight brokers comprise a notable subset of surety bond business, as licensed brokerages are required to post some form of security in order to comply with licensing requirements. Brokers can opt for a freight broker trust or a freight broker bond to fulfill these federal requirements. However, the freight broker bond, …
BMC-84 Freight Broker Bonds: Invalid Claims Obscure Results Read More »
Author: Sadie Giacomelli 7-30-2020 Alabama recently passed House Bill 393 (AL HB393) which amends auto dealer license requirements and practices in Code of Alabama 1975. Many of the revisions and additions are set to take place October 1st, 2020. Some major amendments include the introduction of a Master Dealer License, an increase in the Auto Dealer …
Alabama Doubles Down to Curb Auto Dealers’ Bad Behavior Read More »
Author: Suretypedia Team Updated On: 04-01-2020 Based on a reading of articles from major news outlets, one cannot be faulted for assuming that the “Stay-at-Home” Orders issued by two very large state economies and bellwethers for the nation, New York and California, limit residents to only essential activities such as grocery shopping, trips to the …
“Stay-at-Home”: List of Essential Services Matters Greatly to the Surety Industry Read More »