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Month: January 2018

How to Cancel a Surety Bond

How to Cancel a Surety Bond

Though it’s unusual, there may come a time when you need to cancel a bond you have in effect, or when you face the danger of cancellation by another party. In general, this is not an easy process, as many states have enacted laws over the past several years which restrict the circumstances under w...

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Author nssistagingPosted on January 31, 2018November 13, 2018Categories News

3 Types of Surety Bond Collateral

3 Types of Surety Bond Collateral

Many people are surprised the first time they seek a bond, to discover that collateral can become a vital part of the process. Since in many ways, a bond is more akin to a loan than to an insurance policy, bonding agencies can often desire something against which they can secure the services they of...

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Author nssistagingPosted on January 24, 2018November 13, 2018Categories News

Commercial vs Contract Bonds

Commercial vs Contract Bonds

Anyone involved in the construction or contracting industries knows the importance—and the sometimes-unfortunate complexities—of surety bonding. Getting bonded carries so many benefits for your business, and may even be a legal requirement, depending on the work and individual project you’re p...

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Author nssistagingPosted on January 17, 2018November 13, 2018Categories News

Arizona Little Miller Act Statute

Arizona Little Miller Act Statute

The Little Miller Act is a state statute which is based upon the federal act known as the Miller Act. These acts are vital for regulating the performance bond and surety industries in states, and making sure that contractors can fulfill their responsibilities to not just their clients, but to their ...

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Author nssistagingPosted on January 10, 2018November 14, 2018Categories Little Miller Acts

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