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What Is a Fidelity Bond? How It Differs From a Surety Bond
Learn what a fidelity bond is, what it generally covers, and how it differs from a surety bond in licensing and regulatory filings.
Surety Bond Brokers: How They Help Agents and Businesses Thrive
Discover how surety bond brokers support insurance agents, simplify compliance, and strengthen business relationships.
Maryland Bonds in NMLS
The state of Maryland is one of the states that has transitioned many of their bonds to NMLS. They are strongly encouraging current licensees to adopt the electronic bond format and requiring that all new applications be electronic. Look at the checklist below to make sure you are compliant and can avoid time-consuming and costly [...]
NMLS - Electronic Surety Bonds
On September 12, 2016, NMLS began receiving and tracking Electronic Surety Bonds (ESB) through the System. Currently, eight states have publicly announced adoption of ESB in 2016, with additional states planning to announce soon. See the ESB Adoption Map and Table for a list of those agencies and the required transition dates. Background - Many [...]
Bonds: What's the Catch?
I gave a client a quote on his collection agency bonds last week and he did a double take, asking "What's the catch?" The quote was 33% less than what he currently pays. I assured him there was no catch. I am proud of the service and value we provide to our clients, and it [...]
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