Florida Licensed Resident Agent

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association representing firms employing surety bond producers, including licensed resident and licensed non-resident agents placing contract surety bonds in Florida, I am contacting you about a requirement stated in the Invitation to Bid, in Bid Package NO. 9C, ACA Project NO. 1108. Specifically, Section B(e), and Section D(b), which require the bid bond to be signed by a “Florida Licensed Resident Agent” and require the surety company to have a Florida Resident Agent. Such requirement runs counter to Florida law and the applicable statute, specifically, F.S.A. § 624.425, a copy of which is attached.

Read more…