SURETY SOLUTIONS BLOG

Montana Viatical Settlement Provider License and Bond Explained

By Crystal Ignatowski on Nov 30, 2017 10:44:00 AM in

Court Bonds

  Viatical settlements have been around since 1911, but they were rare until the late 1980’s when the AIDS epidemic peaked. While not all states regulate viatical settlements, Montana is a state that does. In Montana, viatical settlements are allowed and remain a valuable tool for financial ...

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What Are Rate Refunding Bonds?

By Rick Marsland on Nov 30, 2017 9:50:00 AM in

Court Bonds

  What is a Rate Refunding Bond?   A Rate Refunding Bond is a type of surety bond used by utility companies that are planning on increasing their rates. Most of the time, utility companies need to get approval from the public in order to increase their rates. Sometimes, it is possible for a company ...

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Probate Bond: You Don't Get The Money Back

By Crystal Ignatowski on Nov 7, 2017 1:25:04 PM in

Court Bonds

  After seeing a recent article titled about getting money back for a Probate Bond we wanted to clear the air. Here’s the truth: if you purchase a Probate Bond, you do not get that money back. Ever. Here’s why.  ...

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What Is The Difference Between A Judicial Bond And A Probate Bond?

By James Fleming on Jul 3, 2017 9:19:00 AM in

Court Bonds

    Do you need a Judicial Bond or a Probate Bond? Both bonds protect individuals who are involved in legal proceedings, and both can be ordered by the courts. Aside from those general similarities, Judicial and Probate Bonds are quite different. Here's how to tell which one you need....

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What Is A Writ of Certiorari Bond?

By Rick Marsland on Jun 30, 2017 1:35:00 PM in

Court Bonds

  What is a Writ of Certiorari? A writ of certiorari is a way to have a higher court review the outcome of a lower court's proceedings. The word 'certioari' means "to be more fully informed". In this sense, a writ of cetiorari orders a lower court to deliver its record in a case so the higher court ...

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How Do Condemnation Bonds Work?

By Crystal Ignatowski on Jun 19, 2017 10:40:00 AM in

Court Bonds

What is Condemnation of Property?   Condemnation is the process where private property is taken for public use. Condemnation can often be confused or interchanged with the term eminent domain, but this is incorrect. Eminent domain is defined as the power of the government to take private property ...

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What Is An Executor Bond?

By James Fleming on Jun 19, 2017 8:11:00 AM in

Court Bonds

  An Executor is named in the last will and testament of a decedent. If an Executor is not named, the court will appoint an Administrator with will annexed.    To ensure an Executor carries out their duties, the court might require the Executor to get bonded with an Executor Bond. If the will ...

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Three Facts To Know About Court Bonds

By Duke Revard on Jun 2, 2017 10:43:00 AM in

Court Bonds

The bonding process helps society run more smoothly. Bonds help ensure that managers complete projects and that businesses operate ethically.   In the case of a court bond, the bonding process is designed to ensure that you will fulfill your legal responsibilities.   If you need a court bond, here ...

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Joint And Several Liability: What You Need To Know

By Crystal Ignatowski on May 31, 2017 1:19:00 PM in

Court Bonds

  What is Joint and Several Liability?   To be held jointly (combined) and severally (separately) liable is often seen in civil cases where two or more people are found liable for damages. When a group of people are held jointly and severally liable, the winning plaintiff may: Collect the entire ...

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Washington Personal Representative - What You Need To Know

By Crystal Ignatowski on May 30, 2017 9:01:00 AM in

Court Bonds

  A personal representative is a person placed in charge of administering an estate after a death. Being a personal representative can be fulfilling and even pay well, but without proper knowledge and preparation, it can be a daunting job.   Anyone can be a personal representative, but there are ...

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