Appeal Bonds for Medical Malpractice Suits in North Carolina
This bill will provide for an additional method for determine the limitation on the appeals bond required under existing law in medical malpractice suits. Under current law the bond amount is capped at $25 million for any civil action. The new bill would allow for the bond amount to be capped at the lesser of either the amount of the judgment, or the amount of the appellant’s medical malpractice insurance coverage. This is only applicable to the action sought against him or her.
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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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