Sentences with phrase «surety bonding companies»

The firm's clients include major Canadian construction and surety bonding companies and subcontractors, their directors and officers.

Not exact matches

Since 2009, his company has provided surety bonds and working capital to hundreds of small contractors and builders.

Schwartz asked Faraday for $ 75 million in the form of a surety bond to help quell those fears, and the company reportedly delivered a promise to that effect on March 2.

This surety requirement will likely be an obstacle for virtual currency companies because of the cyclical nature and difficulty of obtaining such bonds in the marketplace.

As required by West Virginia law, Credit Karma Offers, Inc. has secured a bond by Platte River Insurance Company, 1600 Aspen Commons, Middleton, WI 53562, a surety authorized to do business in West Virginia.

This additional protection is provided under a surety bond issued by the Customer Asset Protection Company (CAPCO), a licensed Vermont insurer with an A + financial strength rating from Standard and Poor's.

Post a surety bond with a state - licensed company or deposit cash or securities with the Department of Highway Safety and Motor Vehicles.

(1) Before executing a contract or agreement with or receiving money or other valuable consideration from a buyer, a credit services organization shall provide the buyer with a written statement containing: (a) A complete and detailed description of the services to be performed by the credit services organization for the buyer and the total cost of the services; (b) A statement explaining the buyer's right to proceed against the surety bond or surety account required by section 45 - 805; (c) The name and address of the surety company that issued the bond or the name and address of the depository and the trustee and the account number of the surety account; (d) A complete and accurate statement of the buyer's right to review any file on the buyer maintained by a consumer reporting agency as provided by the Fair Credit Reporting Act, 15 U.S.C. 1681 et seq.; (e) A statement that the buyer's file is available for review at no charge on request made to the consumer reporting agency within thirty days after the date of receipt of notice that credit has been denied and that the buyer's file is available for a minimal charge at any other time; (f) A complete and accurate statement of the buyer's right to dispute directly with the consumer reporting agency the completeness or accuracy of any item contained in a file on the buyer maintained by the consumer reporting agency; (g) A statement that accurate information can not be permanently removed from the files of a consumer reporting agency; (h) A complete and accurate statement of when consumer information becomes obsolete and of when consumer reporting agencies are prevented from issuing reports containing obsolete information; and (i) A complete and accurate statement of the availability of nonprofit credit counseling services.

The process starts with a small business applying to an SBA - authorized surety company for a surety bond.

If a bond is obtained, the bond shall be executed by a surety company authorized to do business in this state, and the bond shall be continuous in nature until canceled by the surety with not less than thirty days» written notice to both the credit services organization and to the secretary of state.

(B) Any person claiming against the bond for a violation of sections 4712.01 to 4712.14 of the Revised Code may maintain an action at law against the credit services organization and against the surety company.

(A) No credit services organization shall conduct business in this state unless the organization has obtained a surety bond issued by a surety company authorized to do business in this state and all of the following conditions are met:

The aggregate liability of the surety company to all persons injured by a credit services organization's violation of sections 4712.01 to 4712.14 of the Revised Code shall not exceed the amount of the bond.

The name and address of the surety company which issued the bond, or the name and address of the depository and the trustee, and the account number of the surety account.

A. Every credit services business, before it enters into a contract with a consumer, shall file and maintain with the Commissioner, in form and substance satisfactory to him, a bond with corporate surety from a company authorized to transact business in the Commonwealth, or a letter of credit from a bank insured by the Federal Deposit Insurance Corporation in an amount equal to 100 times the standard fee charged by the credit services business but in no event shall the bond or letter of credit required under this section be less than $ 5,000 or greater than $ 50,000.

The registration shall contain (i) the name and address of the credit services business, (ii) the name and address of the registered agent authorized to accept service of process on behalf of the credit services business, (iii) the name and address of any person who directly or indirectly owns or controls a ten percent or greater interest in the credit services business, and (iv) the name and address of the surety company that issued a bond pursuant to § 59.1 - 335.4 or the name and address of the bank that issued a letter of credit pursuant to § 59.1 - 335.4.

(1) Charge or receive any money or other valuable consideration prior to full and complete performance of the services the credit service organization has agreed to perform for the buyer, unless the credit service organization has obtained a surety bond of $ 10,000 issued by a surety company admitted to do business in this state and has established a trust account at a federally insured bank or savings and loan association located in this state; however, where a credit service organization has obtained a surety bond and established a trust account as provided herein, the credit service organization may charge or receive money or other valuable consideration prior to full and complete performance of the services it has agreed to perform for the buyer but shall deposit all money or other valuable consideration received in its trust account until the full and complete performance of the services it has agreed to perform for the buyer;

The name and address of the surety company which issued the bond, or the name and address of the bank which issued the letter of credit.

(6) The name and address of the surety company which issued the bond, or the name and address of the depository and the trustee and the account number of the trust account.

No credit services organization, its salespersons, agents or representatives, or any independent contractor who sells or attempts to sell the services of a credit services organization shall: (1) Charge or receive any money or other valuable consideration prior to full and complete performance of the services the credit services organization has agreed to perform for or on behalf of the buyer, unless the credit services organization has, in conformity with Section 10 of this Act, obtained a surety bond issued by a surety company licensed to do business in this State.

(4) the name, numbers, and location of the surety company issuing a surety bond maintained as required by Section 10 of this Act.

Before signing a contract with this business, you should check with the surety company to determine the bond's current status.»

- Surety: The surety is typically an insurance company that will issue the surety bond to the in exchange for a premium payment, which is much like a standard insurance premium.

The following are deceptive acts: (1) To charge or receive money or other valuable consideration before the complete performance of services that a credit services organization has agreed to perform for or on behalf of a consumer, unless the credit services organization has under section 8 of this chapter: (A) obtained a surety bond issued by a surety company admitted to do business in Indiana; or (B) established an irrevocable letter of credit.

(a) Before doing business in Indiana, a credit services organization must: (1) obtain a surety bond in the amount of twenty - five thousand dollars ($ 25,000), issued by a surety company authorized to do business in Indiana in favor of the state for the benefit of a person that is damaged by a violation of this chapter; and (2) file a copy of the surety bond obtained under subdivision (1)

(3) The name and address of the: (A) surety company that issued a bond; or (B) depository and the trustee of a surety account and the account number of the surety account; required under section 8 of this chapter.

(1) Charge a buyer or receive from a buyer money or other valuable consideration before completing performance of all services the credit services organization has agreed to perform for the buyer, unless the credit services organization has obtained in accordance with § 2404 of this title a surety bond in the amount required by § 2404 (e) of this title issued by a surety company authorized to do business in this State or established and maintained a surety account at a federally insured bank or savings and loan association located in this State in which the amount required by § 2404 (e) of this title is held in trust as required by § 2404 (c) of this title;

In the ABS market, a surety bond is an insurance policy typically provided by a rated and regulated monoline insurance company to guarantee securities holders against default.

(1) Charge a buyer or receive from a buyer money or other valuable consideration unless the credit repair services organization has obtained, in accordance with R.S. 9:3573.4, a surety bond issued by a surety company authorized to do business in this state or has established and maintains a trust account at a federally insured bank or savings association located in this state in which the amount required by R.S. 9:3573.4 (E) is held in trust as required by R.S. 9:3573.4.

Representing a not - for - profit company in a lawsuit in the District of Puerto Rico against an insurance and bonding company for the company's failure to pay or perform under a surety bond that guaranteed a general contractor's obligation to construct a housing facility for the elderly.

Alternatively, some companies can obtain a surety bond for corporate vehicles and their drivers.

Established new precedent in North Carolina by obtaining dismissal of all extra-contractual claims against a surety company on performance bonds.

Our lawyers have extensive experience in business litigation and appellate law; class actions; construction defect litigation; corporate law and counsel; directors and officers liability; employment counseling and litigation; entertainment law; environmental, Prop 65 and toxic tort liability; estate planning and wealth management; fidelity and surety bonds; insurance coverage, bad faith, ERISA; intellectual property; litigation management, cost control and fee disputes; maritime; mergers and acquisitions; personal and catastrophic injury litigation; product and premises liability; professional negligence; real estate; startup and emerging - growth companies formation and representation; and taxation.

Peter acts as counsel for insurance companies on professional liability, E&O claims, Director's and Officer's liability, and surety, fidelity and dishonesty bond claims.

In order to comply with these requirements, you must purchase an automobile limited liability insurance policy, put a cash deposit down with the DMV, have a certificate of insurance by the DMV for fleet insurace of 25 vehicles or more, or you must have a surety bond for at least $ 35,000 from an insurance company.

In order to do this you can choose from depositing cash amounting to $ 35,000 with the DMV California, providing proof for self - insurance which has been certified by the DMV (only if you own more than 25 vehicles), or get a $ 35,000 surety bond from a licensed San Jose, California car insurance company.

The surety underwriting review takes a minimum of 6 to 8 weeks to complete before the surety approves a new company for bonding facilities.

The surety or bond provider (insurance company) assures the project owner that the contractor will perform a contract by completing certain work to a declared standard.

If you need surety coverage the construction bond company company, in this case Armour, is going to look at you in regards to both your financial and prior experience in the construction industry.

To locate a company that issues surety bonds, contact the Department of Insurance at www.insurance.ca.gov or by calling 1-800-927-4357.

You can place a $ 35,000 cash deposit with the DMV or obtain a surety bond for $ 35,000 from a licensed California insurance company.

In lieu of auto insurance, there are three alternatives for complying with this financial responsibility requirement: a cash deposit of $ 35,000 with the California Department of Motor Vehicles; a DMV self - insurance certificate, which is issued to owners of fleets of 25 or more vehicles; or a surety bond for $ 35,000, which can be obtained from an insurance company licensed to do business in California.

Acceptable methods of proving financial responsibility include a motor vehicle liability insurance policy, a Department of Motor Vehicles issued self insurance certificate, a cash deposit of $ 35,000 with the Department of Motor Vehicles, or a surety bond in the amount of $ 35,000 from an insurance company that is authorized to conduct business in the state of California.

Another option is to obtain a surety bond for $ 35,000 from an insurance company licensed to do business in California.

This bond is only valid if its terms state that the surety company will pay out for any bodily injuries and property damages you cause in an accident up to the same limits as a minimum policy (25/50/25).

Surety Bond: a surety bond issued by a licensed surety company can be accepted as your security after an accidBond: a surety bond issued by a licensed surety company can be accepted as your security after an accidbond issued by a licensed surety company can be accepted as your security after an accident.

Technically, drivers may also file bonds with licensed surety companies or file cash deposits of $ 55,000 or more with the state treasurer to meet the requirement.

Some insurance companies also ask you for a sound financial status to submit the surety bond for certain policies.

A $ 10,000 surety bond from a licensed insurance company that insures the MVC against any monetary loss suffered by a violation from the manufacturer or one of its service centers.

The standard market represents the more traditional approach to surety bonding and is served primarily by large national agency companies.