Mississippi Telephone Solicitor Bond ($50,000) The Telephone Solicitor Bond protects the solicitor from unforseen damages that could arise from the performance of their duties. The Mississippi Public Service Commission is very helpful in explaining the application process for the solicitor and explaining the onds protections.
Mississippi Small Loan License Bond You are required to obtain a bond for your small loan company to protect your customers. If you do not follow your state’s regulations, a claim can be filed on your bond.
Florida Boxing Promoter’s Bond The Boxing Promoter’s License Surety Bond is required by the state of Florida Boxing Commnission. This Bond is designed to protect participants such as but not limited to: Physicians, Time keepers, Referees, Judges and Inspectors. It protects participants from expenses, taxes, penalties and damages resulting from promotional activities necessary for the proper execution of a private or public boxing event. It guarantees that the license (Principal) will faithfully comply with the law.
Georgia Paid Solicitor Bond ($10,000) The Paid Solicitor Surety Bond is required by the state of Georgia Professional Licensing Boards and Securities Division. The Bond amount required is $10,000. This Bond ensures the principal has applied to the secretary of state for a position as a paid solicitor with all-encompassing privileges and benefits. This Bond will require the principal to fulfill all duties and responsibilities honestly and faithfully in accordance with the law.
Financial Guarantee: A non- cancelable indemnity bond, backed by an insurance company, which guarantees that principal and interest will be paid in compliance with the underlying contrac- tual agreement or promissory note. Financial guarantee bonds are used by debt issuers as a way of attracting investors.
A Georgia money transmitter bond is a surety bond required by the Georgia Department of Banking and Finance (DBBF) for businesses that transmit money or monetary value.
Florida Slot Machine License Bond The Division of Pari-Mutuel Wagering has been given regulatory oversight of slot machine operations at the seven pari-mutuel facilities in Broward and Miami-Dade Counties pursuant to Chapter 551, Florida Statutes. The bill authorizing slot machines was signed by Governor Bush on January 4, 2006.
Tennessee Title Insurance Producer’s Bond The Title Insurance Producer’s Surety Bond is required by the state of Tennessee Commissioner of the Department of Commerce and Insurance. This Bond indicates the principal has applied for a license to do business in the state of Tennessee as a Title Insurance Agent. Therefore the principal must account for all money transactions including but not limited to those who are entitled to that money. The principal must adhere to all laws governing insurance including Tennessee Code Title 56, Chapter 35. This Bond also ensures the principal will comply with local and state laws.
Louisiana Real Estate Education Vendor Bond ($5,000) The Education Division is housed within the Education and Licensing Department of the Louisiana Real Estate Commission. Our function is to regulate and oversee real estate schools and vendors and the education programs they provide. It is our goal to ensure that quality education is available and accessible to licensees and applicants at all times. Our effort is ongoing and we work closely in conjunction with the Commission Education and Publication Committee to meet our goal. A licensed vendor is required to obtain a $5,000.00 surety bond as a part of the licensing process.
Tennessee Public Adjuster Bond ($50,000) The Public Adjuster Surety Bond is required by the state of Tennessee Commissioner of the Department of Commerce and Insurance. The Bond amount (Penalty) required is $50,000. This Bond ensures the principal faithfully and promptly handles all monies and accounts under all Tennessee Insurance code and regulations. It guarantees that the license (Principal) will faithfully comply with the law.
Surety Bond
Tennessee Notary bond ($10,000) Notary Bond The primary responsibility of a notary public is to properly validate that the parties to a contract are who they claim to be. The State may suffer a loss if the notary fails to properly confirm the identity of the parties. This Surety Bond provides protection to The State of Tennessee if the official violates the public?s trust through negligence of their duties.
License and permit bonds are an essential aspect of many industries and professions. Whether you are a contractor, a business owner, or a professional in a regulated field, understanding license and permit bonds is crucial. In this blog post, we will explore what license and permit bonds are, why they are important, and how they work. We will also discuss the different types of license and permit bonds and provide some tips on how to obtain them. So, let’s dive in and gain a comprehensive understanding of license and permit bonds.
License and permit bonds play a vital role in various industries and professions. They provide financial protection to the public, ensure compliance with laws and regulations, and build trust between professionals, businesses, and their clients. By understanding the different types of license and permit bonds, how they work, and following the tips for obtaining them, individuals and businesses can navigate the licensing process successfully and operate with confidence.
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