Individual Surety Legislation defeated in Virginia and Maryland
Despite collaborative efforts by The Surety & Fidelity Association of America (SFAA), The National Association of Surety Bond Producers (NASBP), and AIA Surety, individual surety legislation was defeated in both the states of Virginia and Maryland.
In Virginia, SFAA, NASBP and AIA worked to notify the opponents of the legislation they had gained in the previous year that there was new individual surety legislation in Virginia. This was introduced as Virginia House Bill (HB) 187. Unfortunately their efforts did not have the intended effect, as the bill failed to get out of the committee due to strong opposition.
In Maryland, House Bill (HB) 312 was also unable to make it past the committee. If passed, HB 312 would have successfully eliminated a sunset provision for Sep 30, 2009, on the state.
The following two tabs change content below.
Robin Kix
Robin Kix is currently the Renewal Department Manager. Since joining Lance Surety in 2014, she has helped thousands of businesses throughout the nation remain compliant at the federal, state and local level. She has significant experience supporting commercial bond lines, particularly in the automobile, transportation and construction industries. Robin and her team work together to create a positive customer service experience at the time of every policy renewal, whether that be finding the best pricing or offering additional assistance.
Latest posts by Robin Kix (see all)
- How to Become a Freight Broker With No Experience - September 27, 2022
- How to Get an Electrical License - September 14, 2022
- How to Get a Wholesale Dealer License - September 1, 2022
