License and Permit Bond for Missouri Pesticide Applicators

Written by JoAnn Smith on June 30th, 2014. Posted in Commercial Bonds, Latest News, Legislation, License and Permit Bonds, Missouri, Surety Bond Blog

     license and permit bond      
Pesticide application companies need license and permit bond coverage in Missouri
Missouri legislature has passed a bill through its House and moved it on to its Senate that will affect the license and permit bond coverage required for anyone involved in pesticide application in Missouri.While there has always been some type of requirement for pesticide application businesses, this bill would clarify requirements and set surety bond amounts for all businesses that fall into this category.
Missouri House Bill 1954 was introduced and read to the House in February 2014, passing through various public hearings, adopted and then passed on to the Senate on April 29, 2014. It currently is with the Senate Agriculture, Food Production and Outdoor Resources Committee.

License and Permit Bond Changes

This new requirement concerns the ability of anyone applying pesticides in a commercial venture to be able to prove financial responsibility should legal damages occur as a result of the operation against the business. The law states that upon the receipt of the business license the certified commercial applicator will be required to provide evidence of financial responsibility in the form of a license and permit bond or other surety bond within ten working days. This requirement will be renewed annually, along with the license.

New Permit Bond Amounts

With this new requirement, commercial pesticide applicators will be required to post a bond in the amount of no less than $25,000 for property damage as well as for bodily injury. Each permit and license bond will be required to be posted separately. Bonds must be maintained at the place of business and available for inspection during regular business hours upon request.

Get Your License and Permit Bond Today

The world changes fast and laws change even faster. While not every business is required to carry a license and permit bond, more and more of them do as laws change. Do you know if your company should get bonded? If you have a business that requires a license or permit, you should be sure you are covered. Visit our website or talk to one of our knowledgeable customer service reps today to find out how fast and easy it is to get your license and permit bond for you business from BuySurety today. Get your business bonded and be sure with BuySurety.

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Missouri, Iowa and Minnesota DMV Surety Bond Requirements

Written by JoAnn Smith on November 11th, 2013. Posted in Iowa, License and Permit Bonds, Minnesota, Missouri, Motor Vehicle Bonds, States, Surety Bond Blog

     DMV surety bond
Some DMV surety bonds cover snowmobile sales too!
As we begin to look at DMV surety bond requirements in states that are east of the Mississippi River, we see more densely populated states with even more auto dealerships needing surety bonds. While it is easy to see that Missouri still has many characteristics of the southern states, including a large rural population, it is a state that boasts some pretty big cities such as Kansas City and St. Louis. Iowa is a state we tend to think of as being part of the Mid-West and the city of Des Moines is not only its capital but also its largest city. Plenty of cars to sell in that state! Finally, Minnesota is a state that has a reputation for having citizens that can be stubborn and extremely practical. Must be those northern winters! Even with them, you can be sure that surety bonds for auto dealerships are in big demand! Here are the rules for car dealerships in these three states, when it comes to making sure that your DMV surety bonds are in line with the state requirements.

Missouri DMV Surety Bond Requirements

Although the state has other cities that are larger, it is the state capital of Jefferson City that handles the issuing of DMV bonds for all the car dealerships in the state. Luckily those requirements are not that difficult to fulfill, since all dealerships, whether they sell used cars and trucks or new ones, have the same car dealer bond requirements. All dealerships are required to post a DMV surety bond in the amount of $25,000. The bonds must expire on December 31st of any given year, so it may be a good idea to get your surety bond at the beginning of the year.

Iowa Car Dealer Bonds

The Hawkeye state is smack in the middle of the country. This means that you are close to everything or far from anything, depending on how you view it. Between the corn fields, there are quite a few car dealerships and all of them are required to carry car dealer bonds as part of their business operation. However, the requirements are pretty simple: every dealership must post a $50,000 car dealer bond regardless of whether they sell new or used vehicles. The Iowa Dept of Transportation in Des Moines will handle all the particulars when you register that dealership and get bonded.

Minnesota Dealer Bond Needs

This is a big state and it stretches all the way up to the Canadian border. Folks in Minnesota are used to the cold, and one way you can tell is that they have a separate bond requirement for snowmobile sales. I would guess that there are quite a few of them sold in this state where the wind can get pretty chilly in the winter. Here are the requirements for a vehicle dealership auto dealer bond in Minnesota:
  • New and Used Motor Vehicle Dealer Bond – $50,000
  • DSB Bond( for snowmobiles, small horse trailers and motorized bicycles) – $5,000

Getting Your DMV Bond Today

So if you are considering opening an auto dealership in Missouri, Iowa, Minnesota or any state for that matter, you are going to need a DMV bond. These are also sometimes called a car dealer bond as well. Whatever you end up calling them, you can be sure to find a great price on all your surety bonds with BuySurety. What is even handier, you can talk to our customer support folks and get information on pricing, qualifications and more. Just come by our site and check out the variety of surety bonds, including auto dealer bonds we can offer. Get your car dealer bond the fast easy way at a price you can afford today at BuySurety.

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Surety Bond Legislature Updates: Auto Dealerships

Written by JoAnn Smith on October 28th, 2013. Posted in Arkansas, California, Commercial Bonds, Indiana, Latest News, Legislation, License and Permit Bonds, Missouri, Motor Vehicle Bonds, Nevada, Oklahoma, Surety Bond Blog, Wisconsin

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Legislative Changes affected MVD Bonds this year
There was actually quite a bit of surety bond legislature this year in the various states regarding surety bonds for auto dealerships. Amongst the states looking to make changes to the requirements for auto dealer bonds are California, Wisconsin, Arkansas, Indiana and Oklahoma. There were several changes proposed in Missouri including both changes to the surety bond amounts and exactly which types of vehicle dealerships would require them, but both bills did not pass and are now dead in the water. Nevada did not make substantial changes but did pass a bill clarifying requirements for surety bonds provide consumers and not dealers with protection. Here are some details on bills either in process or passed recently: California – As of the end of September in 2013, a bill was still in the process of being passed that would now require dealers of such recreational off-highway vehicles as ATVs to be licensed and post a surety bond, although not in the same amounts as the current requirements for auto dealerships. Wisconsin – If AB 262 passes, the amount of a required MVD surety bond would increase from $25,000 to $50,000. Arkansas – While the bill is still in legislature, it looks very likely that dealers who sell recreational vehicles including both low-speed and ATVs will be required to be both licensed and bonded. Indiana – While the legislative bill eliminated the requirement of auto distributor branches to each have their own license and bonding, they will now require licenses and surety bonds for transfer dealers, wholesale dealers and automotive mobility dealers. Oklahoma – Used motor vehicle bonds have been increased from $15,000 to $25,000. But it isn’t all bad news, as the $1,000 surety bond that had been required of all motor vehicle sales representatives is now repealed. If you have any questions about these new surety bond requirements for auto dealers, be sure to give us a call and talk to one of our knowledgeable customer support staff at BuySurety. We have the MVD surety bonds you need at a price you can afford, and always are happy to help you stay current on all your surety bond requirements.

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Performance Surety Bonds and Missouri Public Theft

Written by JoAnn Smith on May 30th, 2013. Posted in Missouri, Performance Bonds, Surety Bond Blog

     performance surety bonds, missouri
The Seal of the State of Missouri
May 29, 2013 – Did you know that performance surety bonds can help to protect a public office such as a County Circuit Court office against theft? That fact was borne out this week when the Cass County Commissioner Office in Missouri decided to file a performance bond claim. It turns out that a Circuit Clerk had stolen close to $7,000 last year. The theft occurred when the clerk took cash intended for deposit, which was one of the clerk’s duties with the court. Although the existence of surety bonds cannot stop someone from stealing, it can ensure that the monies stolen are recovered if the original thief does not have the ability to do so. In this case the defendant was instructed to pay restitution for the funds stolen from the County Circuit Court, but was unable to come up with the money. The filing against the performance bond, that most public institutions are required by law to have, will allow the courts to collect the funds. The defendant has agreed to pay restitution over time. In the meantime, the claim from the performance bond will allow the courts to balance their accounts. Like many other public institutions, in the state of Missouri they are required to have performance bonds for all public employees to ensure their proper behavior. Generally speaking, a public official surety bond is what is used for any public institution. In this case, a performance bond to ensure the performance of all employees of the Missouri Circuit Courts was used as an umbrella surety bond. As a result of this finding, a thorough examination of the courts financial records are being done to find out if any other irregularities might result in additional missing funds. So far there has been no discovery of any manipulation of the records and the only time that money was taken was during the three deposits between July and October of 2012. Not sure what kind of surety bond your business might want to have? Surety bonds fit all kinds of needs and every kind of industry. Contact us today to find out how easy it is to get all your surety bond needs taken care of with a simple phone call.

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2013 Proves To Be Busy Legislative Year for Commercial Surety Bond Issues

Written by JoAnn Smith on May 8th, 2013. Posted in Alabama, Commercial Bonds, Court Bonds, Florida, Georgia, Illinois, Kentucky, License and Permit Bonds, Missouri, Motor Vehicle Bonds, Surety Bond Blog

Georgia surety bonds for horse race betting
Georgia surety bonds for horse race betting

May 08, 2013 – It looks like many state legislative branches have already had a fairly busy year. There has been a quick flurry of bills introduced and sent on to committee for many of the state’s legislative bodies when it comes to House and Senate bills that touch on commercial surety bonds.

The list of possible bill movement is quite long for a wide range of states. To get a closer look at the first states to start moving legislature thorough, let’s look a tthe first bunch. Here is just the beginning legislative action that looks likely to begin to happen in Alabama, Florida, Georgia, Illinois, Kentucky and Missouri:

Alabama – The House will be looking at a possible revision of the surety bond requirements for pre-need funeral contracts, while the Senate has a bill that may require an agent of a professional sports player to post a $25,000 sports agent surety bond if there is no players’ association for that sport.

Florida – The House is considering a bill that would require a consumer who is initiating civil litigation against a motor vehicle dealer for claims against their motor vehicle dealer bond to file a demand letter first. The Florida Senate has a bill before it that would require an employee bringing an employer to court regarding the use of a credit history report to deny them employment to post a court bond first.

Georgia – The House is considering the approval of pari-mutual betting at horse racing that would then require the posting of a surety bond by racetrack owners to cover losses to the State along with the requirement of the newly created Piemont Altamaha Transit Authority’s secretary-treasurer to post a public officials bond.

Illinois – The House will consider repealing a bill that allowed the Department of Healthcare and Family Services to requite the posting of a surety bond from any vendor terminated, excluded, suspended or who might pose a risk for fraud, waste or abuse. Instead the Department will require all vendors of non-emergency medical transportation services to post a surety bond.

Kentucky – The House is considering repealing the requirement of a license and permit surety bond by any radon mitigation and radon measurement professionals, but continuing the requirement for an insurance policy.

Missouri – The Missouri Senate is considering eliminating a program for solid waste facilities that includes the requirement of the posting of a surety bond. It is also looking at changing the requirements to take action against the county collector’s posted public official bond to add that the act would need to be done knowingly as well as be improper as stated in current law.

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