This afternoon, I received a copy of Addendum #3 addressing Section B – Instruction to Bidders that relates to Section B-11 Bid Guarantee.
I note that the revision called for in “A” does not correct our concern. The term “licensed resident agent” still is used in the Instructions. We suggest that the word “resident” should be deleted and that the instructions follow the language characterizing the agent in the applicable statute – e.g., a licensed agent who is currently appointed by the insurer.
Topic
Advocacy, Bid Bond
Publish Date
February 22, 2010
Region
Florida, States
Audience
Agents, Owners
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond