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New Laws for Virginia Public Insurance Adjusters Result in $50,000 Surety Bond Requirement

by Surety Admin 5. November 2012 03:00

With the January 1st deadline speedily approaching, The Surety Group has made the bonding process easy and fast to assist Public Insurance Adjuster's meet the new Surety Bond requirment. Rates starting as low as $225!

 

Virginia law makers have passed new legislation that requires all resident Public Adjusters that operate within the state to acquire a $50,000 Surety Bond in addition to licensing. These new requirements go in to effect on January 1, 2013. As a result of the new law, resident and non-resident adjusters will need to comply with statutes set forth by the State Corporation Commission’s Bureau of Insurance. The pre-licensing statutes by which both individuals and business entities must abide include:  

  • Proof of a $50,000 Surety Bond 
  • Pre-licensing Public Adjuster examination 
  • Criminal History Record 
  • $250.00 nonrefundable application processing fee 
  • Educational requirements  License or authorization in home state (non-resident) 

The Surety Group is here to assist Public Insurance Adjusters in obtaining the required Surety Bond necessary to receive licensing and operate legally in the state. There are several requirements to meet within a minimal amount of time and our short 3-step online application and same day approval will assist in meeting the state’s January 1st deadline. We look forward to finding solutions to all of your bonding needs.  APPLY NOW or give us a call at 800.486.8211.  

Source: Commissioner of Insurance Administrative Letter 


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Surety Blog Categories:  Industry News | Misc Bond Information | Surety Law Changes

Are you a LOUISIANA MOTOR VEHICLE DEALER? This message is for you...

by Surety Admin 2. October 2012 02:38

Do you need an auto dealer bond or is it time to renew? Don't Wait! Apply Now!

The Surety Group is now offering new discounted rates and programs for those with credit challenges. We make your bonding process as easy as possible by offering:

 

  • Easy Online 3-step Application
  • No Application Fee
  • Free Quote
  • Next Day Delivery of Bond
  • Fast Answers
  • Programs for those with Credit Challenges
We are ready to assist you, give us a call at 1-800-486-8211 or APPLY NOW online!
 
APPLY TODAY. APPROVED TODAY. 
 
We also work with brokers!  

 


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Surety Blog Categories:  auto dealer bond | Commercial Bonds | Industry News | Motor Vehicle Dealer Bond

Attention Alabama Car Dealers, You Still Have Time To Apply For Your Bond! Apply Online Now!

by Surety Admin 18. September 2012 04:48

The Alabama Auto Dealer Bond expires on September 30, 2012, which is just a couple of days away. A surety bond is required before one can receive a car dealer's license. This bond protects customers, sellers, and governmental agencies, and will help in recovering any losses that may occur due to unethical business practices or fraud. The Surety Group's Alabama Auto Dealer Bond Program is for automotive businesses that sell new and used cars both retail and wholesale as well as those that recondition, recycle, rebuild and dismantle vehicles. The required bond amount is $25,000 for new car dealers and $10,000 for used car dealers.

With our easy, one page application and fast approval, you can have you Alabama Car Dealer Bond tomorrow. If you are unsure about the requirements or how to apply for an Alabama Motor Vehicle Bond, please call us at 800-486-8211.

 


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Need Surety Bond Info? Get a Free Quote, Click Here

Live Chat Available Now

by Surety Admin 25. May 2012 04:13

We just added a Live Chat function to our website. You can get fast answers to questions without picking up the phone. Businesses can use the Live Chat feature to ask questions about any type of bond. Our operators are licensed surety agents with years of experience underwriting surety bonds.


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Need Surety Bond Info? Get a Free Quote, Click Here




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