$50,000 bond required by Connecticut Health Exchange

Category: Uncategorized
Published: Jul 20, 2011
HB 6323: Public Officials

This bill will implement the new federal health care law to establish the state of Connecticut’s health care exchange system purchasing health care plans. A surety bond in the amount of $50,000.00 must be posted by the Connecticut Health Exchange to secure the performance of the duties of office. A blanket position bond covering each director, the Executive Director of the Exchange and its employees will be accepted instead of individual bonds.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.

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