When project owners or obligees require financial assurance that a contractor (the principal) will fulfill its obligations—or that other statutory or development-related requirements will be met—they often consider two principal instruments: surety bonds and...

If you’re a professional fundraiser or commercial co-venturer soliciting contributions in Alabama, you’re required to obtain and maintain a $10,000 surety bond under Section 13A-9-71 of the Code of Alabama. This bond protects donors and the State against any...

1. Introduction In Florida’s competitive construction industry, financial integrity is paramount. The Financially Responsible Officer (FRO) ensures payroll, tax remittances, and vendor payments are managed properly. To demonstrate this commitment, Florida law requires...

Introduction Operating games of chance—whether raffles, sweepstakes, bingo, or promotional contests—can be a powerful way for businesses and nonprofit organizations to engage customers and raise funds. However, both New York and Florida impose strict requirements to...

For creditors’ rights attorneys handling foreclosure actions in Maryland and the District of Columbia, posting a trustee’s bond—also known as a foreclosure bond—is a mandatory step to satisfy court requirements and move forward with a sale. Lexington National...

Subdivision bonds play a crucial role in ensuring that the public infrastructure commitments made by developers are honored—and Lexington National Insurance Corporation stands ready to back those commitments with the financial strength and responsive service that...