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California requires a surety bond in the amount of $5,000 for most licensing categories. Surety bonds are required by licensing agencies to guarantee the behavior of licensees.

Heres a step-by-step action plan for becoming an independent insurance broker.

Although most sureties have automated at least part of the bond process, theres still a big disparity in functionality and quality.

One old-time financing method could give budget-squeezed governmental agencies needed capital flexibility to immediately pay for infrastructure repairsbut the surety industry, contractors and lenders would have to modify their business models first.

Many small and midsize contractors dont consult their surety-bond underwriters soon enough after running into trouble that could trigger a bondan event that threatens a contractors ability to remain in business.

By providing third-party access, Main Street America will enable law firms, business associations and other organizations that generate large volumes of bonds on a regular basis to reduce their transaction and mailing costs.

Surety bond insurers' representatives said they successfully lobbied to prevent the new health care bill from containing a provision that would have impacted their business.

Surety bond insurers are up in arms over a provision in the House health care reform legislation that waives a bond requirement for most pharmacies that provide durable equipment to Medicare beneficiaries.