Upcoming surety bond requirements this year. This year we will see many more new bail bond requirements from a variety of obligors. The reason this will happen is because of the influx of claims from companies that defraud the public. As businesses face closure, desperate businesses are breaking laws to stay open.

More restrictions and new bonuses have been increased. Not to mention the higher bonus amounts, as well as the change in bonus form languages ​​for certain bonuses. This has caused many companies to close their doors to bonds that were once considered a form of soft bonds to a bond that is difficult to place.

New bonuses, as well as higher bonus amounts.

Last month, California tried to increase the amount of the bond required for auto dealerships from $ 50,000 to $ 100,000; the law was repealed, but the motion to reevaluate the new bill was granted.

So far this year, a $ 50,000 Medicaid bond has been required for DMEPOS providers. The bond is required to combat fraud by DMEPOS providers. Even providers of durable medical equipment like prosthetics, orthodontists must get the bond.

Also this year, a $ 25,000 MVD bond was required for Indiana dealers. I have not seen a bond form yet, but will keep you posted. Texas MVD bonds have also increased from $ 25,000 to $ 50,000; the bond will remain for a two-year term. Tennessee has also followed the trend by increasing bonuses for auto dealers from $ 25,000 to $ 50,000; it is also a two-year bond. Currently there is also talk of increasing contractor licensing bonuses for California.