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 non-resident agents placing surety bonds, including bonds for licensed grain buyers and warehouse operators, in the State of Minnesota, we strongly oppose S.F. 2218, which would create an indemnity account in lieu of adequate surety bond requirements. NASBP believes this legislation is inapposite to the best interests of the State and those of grain sellers and of buyers.
Topic
Advocacy, Indemnity
Publish Date
March 27, 2023
Region
Minnesota, States
Audience
Agents, Owners, Sureties
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond