Feighl and Hohlt join EPIC from Marsh Wortham in Houston, where Feighl spent more than 20 years as a managing principal and a surety bond
and executive liability broker.
The changes introduced by this bill concern the amount of surety bond
which money transmitters need to obtain, their net worth and more.
"Recent Medicare changes now require dentists who act as Durable Medical Equipment providers for Medicare-approved appliances (sleep apnea oral appliances, etc.) to secure a $50,000 surety bond
. Previously, these dentists were deemed exempt from the federal DMEPOS bond requirement.
The purpose of these bonds is 'as security and as a commitment to comply with all the existing laws and regulations of' the implementing rules and regulations.A surety bond
is also required for the licensing of gunsmiths, both individuals and juridical entities.
Although the subsidiary maintains geographic and premium concentration in the Mexican surety and surety bond
market, the agency believes GF Aserta will expand its product offerings.
When a bond is in place, the entity requiring a surety bond
has the opportunity to make a claim against it should the business, or bondholder, not perform in-line with certain rules and regulations.
Small Business Administration's Surety Bond
Sandor had not presented enough evidence to move forward, the plaintiff filed a surety bond
in the amount of $6,000 so that he could pursue his claim.
Oklahoma Attorney General Mike Hunter and medical cannabis advocates argued the Oklahoma Board of Health's rule requiring a surety bond
for medical marijuana dispensaries is overreaching.
However, Funa pointed out that the execution of a surety bond
may involve assets of surety companies, and to require them to settle fake bonds 'is prejudicial to its financial condition.'
A surety bond
is a function of credit extension, according to Travis Remick, vice president of underwriting for Liberty Mutual Insurance Company, one of the largest providers of surety in the world.