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An authorized or delegated official (as these terms are defined in 42 CFR § 424.502) of the supplier must sign the form. However, if the supplier is one with 25 or more distinct practice locations, the corporate controller or treasurer may sign the
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A chain DMEPOS supplier, for purposes of the bond requirement, is one that has at least 25 enrolled locations.
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A “cash” bond is a personal bond (BLM Form 3809-2) that is secured by a guaranteed remittance in US dollars (such as a cashier’s check, certified check, official bank check, money order, wire transfer, credit card payment, or cash). The guaranteed
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A suretyship (surety) bond is “a contractual arrangement among the surety, the principal (operator), and the obligee (BLM) whereby the surety agrees to protect the obligee if the principal defaults in performing the principal’s contractual
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Surety bonds are used in a wide variety of commercial transactions, business operations and court actions. A surety bond is issued by a surety company to guarantee the performance of one party to another party. If the agreement is not upheld, then
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No, Ohio law requires a surety bond in the amount of $25,000. The surety bond must be submitted on the Attorney General-prescribed form because it contains language binding the registrant to requirements specific to the State of Ohio.
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Contact your insurance company first and ask if they issue surety bonds. Let them know that you need a surety bond to register as a professional solicitor or fund-raising counsel with the Attorney General’s Office. The bond must be issued by a
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Many contracts require all these kinds of documents but don't say what will be acceptable. Not only can significant time be wasted going back and forth, but it is possible that the unclear requirements are ones that the contractor can't meet.
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A. On September 15, 2009, the Division released proposed amendments to Regulatory Bulletin 5.2-101 to include proposed surety bond requirements for individual mortgage loan originators working for a company that is exempt from licensing as a
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This is a corporation, usually an insurance company. It can legally underwrite surety bonds.
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