Archive for April, 2015

Surety On The Rocks

Written by JoAnn Smith on April 28th, 2015. Posted in Minnesota, On The Rocks, Surety Bond Blog

Minnesota Uniform Trust Surety Bond – SB 578 adopts the Uniform Trust Code. The new law provides that the trustee only must post a bond if the court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement. The court specifies the amount of a bond, its liabilities, and whether sureties are necessary. The court also may modify or terminate a bond at any time. Regulated financial-service institutions qualified todo trust business in the State are exempt from the bonding requirement. The new law will become effective on January 1, 2016.  BuySurety.com
Minnesota Slammer – Layer 2 oz of cherry brandy, 2 oz peach schnapps and 2 oz of sour apple schnapps in a large hurricane glass.  Add 2 oz of sour mix and fill the remainder with Sprite. three drinksEnjoy and Share.  

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Surety On The Rocks

Written by JoAnn Smith on April 23rd, 2015. Posted in Kentucky, On The Rocks, Surety Bond Blog

Kentucky Online Securities Sales Surety Bond HB 76 requires persons operating an Internet website for the sale of securities to register and post a minimum $50,000 surety bond. The new law provides that the surety bond secures the payment of costs, fines, and damages to any person who is aggrieved by an Internet Web site operator’s violation of the law as determined by the Commissioner of the Department of Financial Institutions. The new law will become effective on June 24, 2015.  Fast and Easy Bond Quote
Kentucky Blizzard – Shake with cracked ice and strain into a cocktail glass 1 1/2 oz Bourbon Whiskey, 1/2 oz Lime juice, 1/2 oz Grenadine, 1 1/2 oz Cranberry Juice, 1 tsp sugar.  Garnish with a half slice of orange.  three drinks Enjoy and share.  

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Surety On The Rocks

Written by JoAnn Smith on April 22nd, 2015. Posted in Legislation, License and Permit Bonds, On The Rocks, Surety Bond Blog, Wyoming

Wyoming Fuel Tax Surety Bond: HB 9 requires alternative fuel suppliers, refiners, distributors, terminal operators, importers and exporters of alternative fuelfor motor vehicles to be licensed. The new law provides that the licensee may be required to post a surety bond or certificate of deposit. If the licensee has been in business for at least one year with a good filing record, the surety bond must be equal to the last available six months of tax liability. If a licensee commits a violation or has its license revoked, the surety bond also may be required. If a licensee failed to file any report, remits insufficient funds, or is delinquent twice in the preceding 12 months, the surety bond is mandatory until it demonstrates a good filing record for 12 months, in which case the bond may be waived. The bond guarantees payment of delinquent taxes, penalties and interest due and the return of the license and is conditioned on the licensee not practicing any fraud, making any fraudulent representation, or violating any applicable law. The new law becomes effective July 1, 2015. Fast and Easy Bond Quote
Wyoming Margarita – Blend 1 cup Tequila, 8 oz Limeade, 1/4 cup water and 4 tbsp Sugar with 10 ice cubes.  Add 1 can of beer and blend again.  serve in margarita glass salted on the rim.  Makes about 4 servings.  three drinks Enjoy and share.

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Surety On The Rocks

Written by JoAnn Smith on April 20th, 2015. Posted in On The Rocks, On The Rocks, Surety Bond Blog

Arkansas Polygraph Examiners and Voice Stress Analysis Examiners Surety Bond SB 164 revises the surety bond requirement for a polygraph examiner and for a voice stress analysis examiner to specify that the bond is conditioned on paying all judgments against the examiner for a wrongful or illegal act that he or she committed in the course of conducting examinations. The bond’s liability will be limited to its face amount. Insurance may be provided lieu of the bond under current law. The new law permits examiners employed by a law enforcement agency to certify that they are covered under the agency’s membership in the Arkansas Fidelity Bond Trust Fund, its risk management pool, or liability coverage instead of providing a bond. The new law becomes effective on September 1, 2015. Arizona Surety Bonds
Arizona Aztec – Pour 2 oz Bacardi Limon, 2 oz Captain Morgan’s Spiced Rum, 2 oz Cuervo Gold Teguila and 7 oz Coca Cola – Stir and Enjoy. three drinks  

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Surety On The Rocks

Written by JoAnn Smith on April 17th, 2015. Posted in License and Permit Bonds, On The Rocks, Surety Bond Blog

Oil Wells Surety Bond

Oil Well Surety Bonds and Gas Well Surety Bonds can be notoriously difficult to ascertain. Each state has a different set of laws, some regarding the use of blanket bonds, some requiring individual Oil Well Bonds for each oil well. In addition, the surety bonds can cover a wide range of situations including but not limited to:
  • Well maintenance to prevent leakage
  • Well operation to prevent pollution of surrounding area and water
  • Maintenance of inoperative wells
  • To ensure the proper plugging of wells when they are abandoned
  • Restoration of all surfaces
  • Clean up of any pollution that results from oil and gas operation
  Well depth can sometimes be used as a method for determining the surety bond amount as well as the number of wells in any given area. For a full detailing of the requirements for your state regarding Oil Well Surety Bonds, be sure to talk to our customer service agents who have all the latest information and legal requirements. BuySurety.com
Well Heeled – Pour 3/4 oz Dark Rum, 1/4 oz Strawberry Liqueur and 5 oz Orange Juice over ice in a glass and stir.  three drinks Enjoy and Share.

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