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surety one

Surety Bond Renewals, April 2024

Happy spring to all and, did you remember your surety bond renewal? Whether you’re a contractor, a business owner, or a professional in need of surety bonds, understanding the renewal process is crucial to maintaining compliance and ensuring ongoing operations…. Continue Reading →

The Surety Business After Supreme Court Decision on DEI

The Surety Business After Supreme Court Decision on DEI presents a new risk management concern. In the case of Students for Fair Admissions, Inc. v. President & Fellows of Harvard College and identical plaintiff v. University of North Carolina, No….. Continue Reading →

Nevada Private Education Loan Servicer Surety Bond to be Required

It appears that the State of Nevada will require a surety bond from private education loan lenders and servicers. Assembly Bill 332 amends Nevada Rev. Statutes Title 55 relating to Banks and Related Organizations, adding a new chapter regulating private… Continue Reading →

Insurance Producers Can Write More Surety Business

To write more surety business, it’s important to focus on building strong relationships with clients and demonstrating your expertise in the field. Surety (especially “contract surety“) is a ‘relationship’ business. Here are some strategies to help you increase your surety… Continue Reading →

Personal Representative Bond & Fair Compensation

A personal representative bond (probate and fiduciary surety bond class) guarantees the diligent and honest conduct of the personal representative. State probate codes almost universally allow this appointed estate administrator to bill the estate for his or her services. Compensation… Continue Reading →

Los Angeles City Grading Permit Bond

Undertaking construction projects in the City of Los Angeles can be complex and challenging. From acquiring the necessary permits to adhering to stringent regulations, builders, contractors and developers face numerous hurdles. One critical requirement that developers must fulfill is obtaining… Continue Reading →

DC Personal Representative Bond

A DC personal representative bond is required of probate administrators unless specifically waived. D.C. Code §20–502 is instructive. Subsection (a) clearly defines the requirement. “Unless excused from filing a fiduciary bond by the decedent’s will or written waiver of all… Continue Reading →

North Carolina Probate Bond

A North Carolina probate bond is required of applicants for a fiduciary role in the estate of deceased persons under specific circumstances. An administrator bond (or administratrix), executor bond and probate bond are synonymous within the fiduciary class of business…. Continue Reading →

Ohio Injunction Bond (Temporary Restraining Order Bond ~ Ohio)

An Ohio injunction bond is contemplated under Ohio Civ.R. 65. Pursuant to Section (C), A temporary restraining order or preliminary injunction is not operative until the party obtaining it gives an injunction bond executed by “sufficient surety”, approved by the clerk… Continue Reading →

ERISA Fidelity Bond and a KSOP

An ERISA fidelity bond, with few exceptions, is required by federal law (ERISA) for the protection of plan assets from the dishonest acts of plan trustees. An Employee Stock Ownership Plan (ESOP) is not generally an exception. A hybrid of… Continue Reading →

North Carolina Preliminary Injunction Bond

A North Carolina preliminary injunction bond and bond to secure a temporary restraining order are synonymous under N.C.G.S. §1A-1. Rule 65 is the operative statute of the injunction/TRO mechanism and the surety bond requirements thereof. Per Rule 65.(c), “No restraining… Continue Reading →

West Virginia Injunction Bond

A West Virginia injunction bond and the prerequisites of procuring a preliminary injunction or temporary restraining order are contemplated under Rules of Civil Procedure: Section VIII, Rule 65. Section (c) is instructive, “No restraining order or preliminary injunction shall issue except… Continue Reading →

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