 | The Fidelity and Forgery Rules Manual has been updated with a Fidelity Rules Manual Exception page for Hawaii for Members and Subscribers (effective date 3/1/2018).
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Category: Bond Articles
bond articles
bookmark_borderFiling to Update Surety Rules Manual status report updated
| Filing to Update Surety Rules Manual *XX-SM-10 report updated for Members on the Regulatory Filings / Countrywide Filings page. |
bookmark_borderSFAA Bill to Address Missouri Case Law on Bonding Public Works Projects Passed out of Committee
 | SFAA Bill to Address Missouri Case Law on Bonding Public Works Projects Passed out of Committee |
Missouri HB 2453 would amend the existing procurement law to clarify that bonds are required when a construction manager agency is used. The bill has passed out of committee in the House.
Members should visit Government Relations / General Info (Members) for more information.
bookmark_borderSFAA’s Bill to Address Attorneys’ Fees Awards in Bond Claims Considered but not Enacted
 | SFAA’s Bill to Address Attorneys’ Fees Awards in Bond Claims Considered but not Enacted |
Washington SB 6428/HB 2852 would have placed reasonable limits on the award of attorney fees’ against sureties. The bill provided that the rights granted under current procurement law would have been the exclusive remedy for recovering attorneys’ fee for all disputes, including but not limited to coverage disputes involving a performance or payment bond required under the Little Miller Act. The legislation stalled in the House and died at the end of the session since bills do not carry over to 2019 in Washington.
Members should visit Government Relations / General Info (Members) for more information.
bookmark_borderSFAA’s Bill in Indiana to Require Bonding in P3s Goes to Study
 | SFAA’s Bill in Indiana to Require Bonding in P3s Goes to Study |
Indiana HB 1301 would direct the Legislative Council to form an interim study committee to examine requiring performance and payment bonds for future public private partnership (P3) projects for the three P3 laws that SFAA sought to amend. As introduced, HB 1301 contained the amendments that SFAA drafted to require 100% bonds in all three P3 laws. The bill was amended twice to reduce the bond requirements from 100% to 50% and then down to 25% before it was amended again to send the issue to another study committee. HB 1301 has been sent to the Governor. There also are study provisions on bonding for any kind of P3 project in HB 1374 that the Governor has signed. HB 1374 also revises the existing law for the Indiana Finance Authority.
Members should visit Government Relations / General Info (Members) for more information.
bookmark_borderSFAA Promotes the Value of License Bonds …
 | SFAA Promotes the Value of License Bonds as Federal and State Governments Explore Occupational Licensing Reform |
Members should visit Government Relations / General Info (Members) for more information.
bookmark_borderUpcoming Meeting Materials Posted
 | Meeting Materials for upcoming meetings have been posted for Members: |
Upcoming:
- Government Affairs Advisory Committee (March 27, 2018)
Past:
- Diversity & Human Resources Advisory Committee (March 8, 2018)
- Contract Bonds Advisory Committee (January 29, 2018)
- Fidelity Claims Advisory Committee (January 24, 2018)
- Surety Claims Advisory Committee / Corporate Counsel Advisory Committee (January 24, 2018)
- Communications Advisory Committee (January 11, 2018)
- Board of Directors (December 7, 2017)
- Commercial Surety Advisory Committee (December 6, 2017)
- International Advisory Committee (December 6, 2017)
- Actuarial Advisory Committee (November 8, 2017)
- eBusiness Advisory Committee (October 4, 2017)
- Annual Meeting General Session (May 11, 2017)
- Congressional Action Day (May 10, 2017)
- Fidelity Advisory Committee (May 10, 2017)
- Young Professionals Group (May 9, 2017)
- Joint Fidelity Advisory Committee / Fidelity Claims Advisory Committee (November 9, 2016)
- Statistical Advisory Committee (September 21, 2016)
Members may register online for upcoming meetings or get more meeting details at http://www.surety.org/events/event_list.asp.
bookmark_borderEnd of Legislative Session Reports posted
 | End of 2018 Legislative Session reports have been added for Oregon and updated for New Mexico for Members only. |
Navigate to Government Relations / End of Legislative Session Reports
bookmark_border2018 Public Private Partnership (P3) State Legislation
 | 2018 Public Private Partnership (P3) State Legislation |
Members should visit Government Relations / General Info (Members) for more information.
bookmark_border2003-2018 Case Summary lists updated
 | Case Summary Reports have been posted for Members, Subscribers, Claims Advisors and Case Summary Subscribers:
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Members should navigate to the Claims page.
Subscribers should navigate to the Home / Subscriber Home Page.
Claims Advisors should navigate to the Home / Claims Advisors Home Page.
Case Summary Subscribers should navigate to Home / Case Summary Subscriber Home Page.