Surety Bonds Blog
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At the center of the surety bond process is the obligee—the party who requires the bond. While much attention is often given to the principal (the party who must fulfill an obligation) and the surety (the company that backs the bond), the obligee plays a critical and often overlooked role. This is t...
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HB 704: Miscellaneous Bond – Home Repair Service Contracts
This requires home service contract providers to post a financial security deposit in an a...
HB 369: Insurance Code Definitions
This act revises the Insurance Code. This will create separate definitions for surety and fidelity as lines of ins...
SB 79: Public Officials
The Central Iron Range Sanitary Sewer District was created by SB 79. This new law will authorize the districts board to post ...
HB 2123: License Bond – Debt Settlement Services
This will subject debt settlement service providers to the existing bond requirements for debt manag...
HB 1362: Miscellaneous Bond – Personal Care Assistants
This requires personal care assistants to enroll with the Department of Health and Health Care...
HB 1275: License Bond – Sewage Treatment Contractors
Sewage treatment contractors must post a surety bond in the amount of $25,000 if the bond covers...