Surety Bonds on the Rocks

Written by JoAnn Smith on July 22nd, 2016. Posted in California, On The Rocks, Surety Bond Blog

Bond Type:  Immigration Consultant Bond
Other names:
  • CA Immigration Consultant Bond

Definition:   This bond ensures that the person consulting legal immigrants will not give legal advice, will assist legal immigrants with completion of the proper forms, and will help the client secure the correct documentation to complete their immigration status.
Requirements: 
  • Application on BuySurety.com
  • US citizen
  • Current business and personal information
  • There cannot be a felony or a disqualifying misdemeanor on the record.

Obligee:  State of California
Typical Bond Premium: This bond is based on risk assessment using personal credit score and years in business.
Surety on the Rocks:  Red Sangria 2 bottles of red Spanish table wine 1 cup of brandy ½ cup triple sec 1 cup orange juice 1 cup pomegranate juice ½ cup Simple Syrup Slices of orange and apple, blackberries, pomegranate seeds Mix all ingredients together and let stand in a tightly sealed container or pitcher for at least 24 hours in the refrigerator before serving.three drinks

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Surety Bond News – Newly Enacted Laws

Written by JoAnn Smith on March 10th, 2016. Posted in Commercial Bonds, Idaho, Legislation, License and Permit Bonds, South Dakota, Surety Bond Blog, Tax and Fees Bonds, Virginia, Wisconsin

Idaho Tax Bond – HB 376 provides that the surety bond required for cigarette wholesalers must be equal to twice the estimated average tax liability for the reporting period for which a return must be filed, or the value of stamps in the wholesaler’s inventory including those ordered but not yet received, whichever is greater. Prior law required the surety bond only to be equal to at least twice the average tax liability. The new law repeals the $1,000 minimum bond amount. The new law became effective upon enactment. (03/02)
  Idaho Reclamation Surety Bond – Surface Mining – SB 1197 increases the maximum amount of the performance bond required to secure the reclamation of a surface mining site from $2,500 per acre to $15,000 per acre. The new law requires the State Board of Land Commissioners to issue a written notice of a rejection of an application for bond release that explains the reasons for the rejection. The new law becomes effective on July 1, 2016. (03/08)
  South Dakota Court Bond – Wage Garnishment – SB 1059 repeals court procedures for wage garnishment cases that include a requirement for the defendant to post a bond to secure payment of the judgment to the plaintiff. With the repeal of the procedures, the bond requirement has been eliminated as well. (03/02)
  South Dakota License Bond – Vehicle Dealers – HB 1083 requires off-road vehicle dealers to be licensed and post a $5,000 bond. (03/02)
  Virginia Court Bond – Trusts – HB 230 provides that a person could petition a circuit court to establish a trust. The court would determine the terms of the trust and the trustee, as well as whether the trustee must post a bond with or without surety. (03/01)
  Virginia Appeal Bonds – HB 437 revises the current law for appeal bonds and “suspending bonds” to clarify the procedures for modifying the amount of the bond to specify that a motion can be filed in court in addition the current practice of filing a brief. The new law permits the parties in the case to agree to waive the requirement of a suspending bond or to agree to a suspending bond in an amount less than the compensatory damages. The suspending bond amount also now must include an amount equivalent to one year’s interest calculated from the date of the notice of appeal. The new law specifies that if the party filing the appeal provides cash in an amount equal to the judgment, then surety will not be required for the bond. (03/01)
  Wisconsin Financial Assurance – Radiological Materials –  AB 426 establishes a permit requirement for transporting radiological materials in the State. The Department of Transportation could require the permittee to provide a bond, insurance, or a certified check to hold the State and any city, village, town, or county through which the vehicle, trailer, or semitrailer will be operated harmless from any claim, loss, or damage that results from the granting of the permit or from any action under the permit. (02/06)
  Wisconsin License Bond – Charitable Organizations and Miscellaneous Bonds – Professional Employer Organizatons – SB AB 778 revises the current bond requirements for professional employer organizations, which currently must maintain a working capital or post a bond or other security for at least $100,000, or if the PEO has a negative working capital, the bond or other security must be equal to $100,000 plus an amount to make up the deficiency. The new law eliminates the option to provide other forms of security in lieu of the bond when only a bond is posted in lieu of the working capital. The new law revises the surety bond requirement for professional fundraisers and fundraising counsel to delete a provision requiring the bond to be from “one or more responsible sureties whose liability in the aggregate as sureties at least equals [the bond amount].” The new law deletes an option for the bond to be a rider for a blanket liability bond and instead would require the bond to be prescribed by and acceptable to the Department of Financial Institutions. (03/01)  Buysurety law

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Surety On The Rocks

Written by JoAnn Smith on February 22nd, 2016. Posted in Georgia, On The Rocks, Surety Bond Blog

Georgia Motor Vehicle Dealer Surety Bonds
Georgia MVD Surety Bonds expire every 2 years on March 31st, in even numbered years.  This means that now is the best time to purchase your new bond or renew your current bond.  At BuySurety.com we can make this process very easy.  First, here is a little information about this bond. The Georgia Motor Vehicle Dealer bond is a $35000 bond.  It goes by the name Dealer bond, MVD bond, Auto Dealer, Used Auto Dealer, or Car Dealer.  It guarantees that your company, the motor vehicle dealer, complies with all federal, state, and local laws.  It also guarantees that your dealership will comply with tax and judgement guidelines as they relate to motor vehicles.  This bond is required by the state motor vehicle dept to obtain a dealership license.  It will not clear your dealership from lawsuits, but will protect your clients from fraud or misrepresentation. The first step in purchasing your bond is to fill out an application on BuySurety.com.  One of our agents will get with you quickly to give you a quote on this 2 year bond.  Once quoted we will quickly execute your bond and send it to you for compliance with your state dealership license.    
Georgia Peach 1 oz Peach Schnapps Orange juice and Cranberry juice Pour Peach Schnapps over ice in a highball glass.  Top with orange and cranberry juice for taste and serve.three drinks

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Surety On The Rocks

Written by JoAnn Smith on November 13th, 2015. Posted in California, Contractor License Bonds, License and Permit Bonds, On The Rocks, On The Rocks, Surety Bond Blog

CALIFORNIA CONTRACTOR’S LICENSE BOND   Recently in the state of California there was an enforcement of the law that all contractors must be licensed and bonded. At this time it was reiterated to the clients the importance of hiring only contractors that have an active license and bond. You might question why you need to be bonded.  The bond is required to ensure that active, reactivated, and new licensed contractors have the ability to cover any damages your client might encounter as a result of poor construction.  It also ensures your employees are paid wages that they have earned. In California all home improvement jobs that will cost over $500 in labor and materials must be completed by a company with a state issued contractor’s license and therefore they must be bonded.  These jobs can not be divided up into smaller contract’s to bypass this law. At BuySurety.com we are able to get a contractor license bond quote quickly for you.  All we require is that you fill out an application on BuySurety.com and fill in your license number.  With a clean license, we can get a fair and competitive quote for you within a few business hours.  Requirements from the state are:
  • The bond must be written by a surety company licensed through the CA Dept of Insurance. – At BuySurety.com we only work with surety company’s that are licensed in all 50 states.
  • The bond must be in the amount of $12,500 – This will increase to $15,000 on January 1, 2016.
  • The business name and license number on the bond must correspond EXACTLY with the business name and license number on the CSLB’s records. – If it does not match exactly it is imperative that you contact the CLSB and make the proper changes before you purchase your bond.
  • The bond must have the signature of the attorney-in-fact for the surety company.
  • The bond must be written on a form approved by the Attorney General’s Office.
  • The bond must be received at the CSLB’s office within 90 days of the effective date of the bond. – In most cases we are able to file the bond electronically for you.
Apply here:  BuySurety
  The Spicy Spiked Cider
  • 1 part Cinnamon liquor – I prefer Fireball
  • 2 parts Apple Cider – Trader Joes offers a great cider this time of year
  • Apples and cinnamon sticks
  • Cinnamon and Sugar
  • Garnish with an apple slice

Instructions

Warm your apple cider on the stove.  Dip your glass in some simple syrup and rim with cinnamon and sugar.  Add you Fire ball and a couple chunks of apple to your glass.  Pour your warm cider over and garnish with an apple slice.  Perfect to enjoy on a cold fall night.  three drinks

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Surety On The Rocks

Written by JoAnn Smith on May 21st, 2015. Posted in Kentucky, On The Rocks, Surety Bond Blog

KY 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. buysurety.com
Kentucky Longshot – Stir with ice 2 oz Bourbon Whiskey, 1/2 oz Canton Ginger Liqeur, 1/2 oz Peach Brandy, 1 dash Angostura Bitters and 1 dash Peychaud Bitters and strain into chilled cocktail glass.  Garnish with candied ginger.  three drinks Enjoy and share.    

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