Tennessee Modular Building Units Manufacturer ($10,000) In the State of Tennessee a Surety Bond is required by any person(s) operating a business as a Manufacturer of Modular Building Units. This Bond guarantees that the applicant (Principal) has been licensed by the Tennessee Department of Commerce and Insurance and as such will faithfully perform all duties in accordance with the law.
Georgia Private Tag Agent Bond ($50,000) What is a Private Tag Agent Bond? The surety bond serves as a financial guarantee that your business will: both give a receipt for cash paid by members of the public for services rendered. Also, that you will pay to the state’s Tax Commissioner all collected motor vehicle applications, taxes, fees, penalties; and that you will provide all registration documents to your customers in the course of your business transactions. The Private Tag Agent Bond is required when the principal wishes to obtain a license or permit to become a private tag agent within the State of Georgia. The Private Tag Agent Bond is a binding agreement between the Principal and Obligee (State of Georgia), backed by the Surety Company. It is the job of the principal to comply with the Commissioner of Revenue, the Official Code of Georgia Annotated 40-2-25 and 40-2-88, the County Tax Commissioner, and the rules, regulations, specifications, laws, and provisions of the State of Georgia. How long does the Private Tag Agent Surety Bond last? The State of Georgia Private Tag Agent Surety Bond has a 1-year term, which means the bond will remain in effect until 1 year after the Start or Effective Date (Date Bond Should Start). The premium will renew annually, after underwriting review.
Tennessee Manufactured Home Stabilization System Installers Bond ($10,000) The Manufactured Home Stabilizing System Installer’s Surety Bond is required by the state of Tennessee Commissioner of the Department of Commerce and Insurance. The Bond amount(Penalty) required is $10,000. This Bond indicates the principal has applied for written approval from the State Fire Marshall to install Manufactured Home Stabilizing Systems. Once written approval has been granted the principal and all of the principal?s employees must comply with all rules and regulations of the Tennessee Manufactured Home Anchoring Act. The principal will also be expected to comply with all local and state laws.
Louisiana Notary Educational Services Bond ($25,000) This bond is required by the Louisiana Secretary of State. It is required at the time of application for any person who wishes to provide educational services to notaries within the State of Louisiana.
Florida Generic Utility Bond (Individual) In certain cities in Florida a Utility Bond is offered as a replacement to a cash deposit. This Bond states that the applicant (Principal) has entered into contract with the Utility (obligee) and that the applicant will pay fully and promptly for any and all utility services received.
Mississippi Mortgage Broker Bond Mortgage Brokers are real estate financing experts that help people find and negotiate financing terms for their specific mortgage. In addition to being licensed, mortgage brokers must also post a surety bond to ensure compliance with state regulations governing this line of business. These bonds are required by states to protect consumers that are in the process of obtaining mortgages.
Georgia Third Party Administrator Bond The Third Party Administrator Bond is required by the state of Georgia, Commissioner of Insurance. This Bond ensures that the principal as the administrator, performs fully and admirably with accounting and applications of all monies coming into their possession. This Bond also guarantees that the applicant will faithfully comply with law.
Louisiana Proprietary School Solicitor Bond ($1,000 per Solicitor) A Louisiana licensed proprietary school solicitor solicits prospective students within the State of Louisiana to enroll in an approved school located within or outside the state. The surety bond protects any studen suffering lossas a result of any fraud or misrepresentation used by the solicitor in procuring his enrollment. A blanket bond covering several solicitor’s can be purchased at one time.
Mississippi Trust Fund Bond Louisiana Patient Trust Fund Bond is required by The Louisiana Department Of Health And Hospitals to comply with the State licensing requirements. Each state has drafted their own Patient Trust Fund Bond Form, so you will need a different Patient Trust Fund bond for each state you will be transacting business in.
Florida Para-Mutual Wagering Bond ($50,000) Parimutuel betting differs from fixed-odds betting in that the final payout is not determined until the pool is closed � in fixed odds betting, the payout is agreed at the time the bet is sold. Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling is often also offered at “off track” facilities, where players may bet on the events without actually being present to observe them in person.
Mississippi Right of Way Bond Mississippi Right of Way Bonds are required by the Mississippi Department of Transportation. The required bond amount is set by the Obligee.
South Carolina Manufactured Home Repairer Bond A Manufactured Home Repairer Bond is required in the state of South Carolina by the Manufactured Housing Board for anyone that is seeking a license as a Manufactured Home Repairer. This Bond guarantees that the applicant (Licensee) will comply with the duties of the license and will conduct business within the law. This bond must coincide with your license expiration date and will expire on June 30 of each even year.
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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