Kentucky License Bond for Radon Mitigation Professionals

Category: Uncategorized
Published: Sep 7, 2011
HB 247: License Bond – Radon Mitigation Professionals

Under this bill radon mitigation professionals and radon measurement professionals will be regulated. These professionals will have to be certified and be able to post a $10,000 License and Permit Surety Bond. This bond will be conditioned on compliance with the proposed law and any rules adopted to implement it. In order for this bond to be in compliance it will have to be issued by a corporate surety that is authorized to transact surety business within the Commonwealth. The surety’s liability with the principal will be limited to the penal sum of the bond, and the bill provides for cancellation by the surety with advance written notice. The SFAA was contacted during the drafting of this bill and assisted in writing it.

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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.