On behalf of the National Association of Surety Bond Producers (NASBP), an international trade association established in 1942 and located in Washington, DC, serving a membership of firms with personnel of over 5,000 surety agents and brokers, who specialize in providing surety bonds to companies and individuals for construction and other commercial purposes, I am writing to express our support for the spirit and direction of the proposed rule published in the Federal Register on August 1, 2007, concerning a surety bond requirement for suppliers of durable medical equipment. To that end, NASBP offers general and specific comments to assist CMS in understanding surety underwriting terminology, practices, and concerns so that the final rule will represent a workable and attractive standard for the surety community.
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NASBP Letter Addressing Locality Requirements in VA Bid Bond