Month: May 2017

Required by the probate courts, a probate bond is generally purchased by the executors, trustees, and administrators as a guarantee that they will perform their duties. These types of bonds are also known as fiduciary bonds, as the individuals holding the bonds have a fiduciary duty to be faithful and competent. Continue reading What Are the Types of Probate Bonds? read more

Those who are looking to get their motor vehicle dealer license are generally required to provide a surety bond to guarantee that their dealership will comply with industry regulations. An auto dealer bond, also known as car dealer bond, automobile bond, DMV bond, dealer bond, motor vehicle dealer bond, etc. is used to protect consumers from fraud or any other unethical activities committed by dealerships and their employees. Continue reading How Can You Get Your Auto Dealer Bond? read more

The ERISA or Employee Retirement Income Security Act is an act that sets rules and standards of conduct for private sector employee benefit plans and those that invest and manage their assets. ERISA simply refers to persons who are involved in handling of funds and other property of an employee benefit plan as ‘plan officials’. Continue reading What is the Importance of ERISA bond? read more

Before receiving an auto dealer license, auto dealers in most states must file a surety bond with the state’s Department of Motor Vehicles (DMV). Surety bonds are specifically designed to protect customers and the state from auto dealers that commit fraud. A surety bond is assurance that your dealership will follow the car dealership legislation and regulations in your state. Continue reading Things You Must Know about Auto Dealer Bonds read more