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Shannon Tash, Author at Surety1

North Dakota Collection Bond Increase in 2019

North Dakota Collection Bond Increase in 2019

On March 28th, 2019 the North Dakota Department of Financial Institutions announced that all companies currently licensed as collection agencies would be subject to a surety bond increase.
How and when does this change take effect?
 Effective August 1, 2019, Senate Bill 2093 will raise this amount to $50,000. Each existing licensee will have until no later than December 31, …

 

Current Changes and how to register for DMEPOS Competitive Bidding Program

Current Changes and how to register for DMEPOS Competitive Bidding Program

What is DMEPOS Competitive Bidding Program?
The DMEPOS (Durable Medical Equipment, Prosthetics, Orthotics and Supplies) Competitive Bidding Program was created by Congress for the Medicare Prescription Drug, Improvement, and Modernization Act of 2003. This law was passed with the intent to replace the fee schedule payment system with a contracted bidding process. This was an attempt to reduce out-of-pocket expenses …

 

How to Get Your Florida Motor Vehicle Dealer Bond

How to Get Your Florida Motor Vehicle Dealer Bond

The Florida Motor Vehicle Dealer Bond is a requirement of the Florida Department of Highway Safety and Motor Vehicles for all motor vehicle dealers to provide a surety bond in addition to a completed application packet.

Why Do You Need This Bond?

If you are to do business in the state of …

 

Get Performance Bonds up to $500,000 on 2 page application

As Surety1 we often get calls asking what it takes to get bonded. While there are hundreds of types of surety bonds, contractors in public works need performance and payment bond when awarded a contract. And prior to being awarded the contract, they usually need bid bonds in order to properly bid on public works projects. This is one …