Louisiana Contractor License Bond for Home Service Contractor Providers
HB 704: Miscellaneous Bond – Home Repair Service Contracts
This requires home service contract providers to post a financial security deposit in an amount equal to 5% of the gross consideration received on the sale of all service contracts, less any claims paid. This deposit must be not less than $25,000. Cash or a surety bond is also permitted to fulfill this requirement. In liaison with the security deposit the service contract provider may maintain a funded reserve account.
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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)
- Freight Broker Training - April 15, 2022
- Calling All Louisiana Dealers: Time to Renew Your Bonds - February 16, 2022
- Hurry Up, Nebraska Auto Dealer Bonds Expire in Less than Two Months - February 16, 2022
