 | The 2018 January/February Edition of the SFAA Newsletter has been posted. Beginning this year, each Newsletter will be available to the public. In addition to our regular Association news, we will be providing original content for our members and supporters to share. In this issue, we examine Carillion’s Collapse and Why Bonding Matters.
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Category: Surety Bond Articles
bond articles
bookmark_borderSFAA Bill to Address Missouri Case Law on Bonding Public Works Projects Introduced
 | SFAA Bill to Address Missouri Case Law on Bonding Public Works Projects Introduced |
Missouri HB 2453 would amend the existing procurement law to clarify that bonds are require when a construction manager agency is used.
Members should visit Government Relations / General Info (Members) for more information.
bookmark_borderSFAA Addressing Proposed Bond Threshold Increase and P3 Pilot Program in Vermont
 | SFAA Addressing Proposed Bond Threshold Increase and P3 Pilot Program in Vermont |
SFAA is addressing HB 917, which would increase the bond threshold from $100,000 to $500,000. As drafted, the bill would have provided for a $1 million bond threshold. The bill also would provide for a pilot program for the Agency of Transportation to enter into public-private partnerships (P3s) for transportation infrastructure projects. The state legislature would set the requirements and would have to approve each P3 project, unless the project will have a project lifetime cost that is less than $2 million or the project has been approved in the most recently adopted Transportation Program. The bill does not specify a bonding requirement for this P3 program. The program would expire on July 1, 2023.
Members should visit Government Relations / General Info (Members) for more information.
bookmark_borderComprehensive Legislative Reports posted for Members
 | Comprehensive Legislative Reports for Commercial Surety, Contract Surety and Fidelity posted for Members. Navigate to: |
bookmark_borderERISA Dishonesty Bond Filing Status Report posted for SFAA Members
 | ERISA Dishonesty Bond (SFAA-F-303; XX-FM-24) Status Report posted for Members on the Regulatory Filings / Countrywide Filings page. |
bookmark_borderMassachusetts Form Filing Requirements – Fidelity and Crime Filings Status Report posted
 | Massachusetts Form Filing Requirements – Fidelity and Crime Filings Status Report posted for Members on the Regulatory Filings / Countrywide Filings page. |
bookmark_borderFidelity and Forgery Rules Manual updated
 | The Fidelity and Forgery Rules Manual has been updated with a Fidelity Rules Manual Exception page for Hawaii for Members and Subscribers (effective date 3/1/2018).
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bookmark_borderFiling to Update Surety Rules Manual status report updated
| Filing to Update Surety Rules Manual *XX-SM-10 report updated for Members on the Regulatory Filings / Countrywide Filings page. |
bookmark_borderCrime Protection Policy Schedule Endorsement Filing status report updated
| Crime Protection Policy Schedule Endorsement Filing (SFAA-F-294), XX-FM-21, Loss Cost Filing Number XX-FLC-13 status report updated for Members on the Regulatory Filings / Countrywide Filings page. |
bookmark_borderUpcoming Meeting Materials Posted
 | Meeting Materials for upcoming meetings have been posted for Members: |
Upcoming:
- Government Affairs Advisory Committee (March 27, 2018)
Past:
- Diversity & Human Resources Advisory Committee (March 8, 2018)
- Contract Bonds Advisory Committee (January 29, 2018)
- Fidelity Claims Advisory Committee (January 24, 2018)
- Surety Claims Advisory Committee / Corporate Counsel Advisory Committee (January 24, 2018)
- Communications Advisory Committee (January 11, 2018)
- Board of Directors (December 7, 2017)
- Commercial Surety Advisory Committee (December 6, 2017)
- International Advisory Committee (December 6, 2017)
- Actuarial Advisory Committee (November 8, 2017)
- eBusiness Advisory Committee (October 4, 2017)
- Annual Meeting General Session (May 11, 2017)
- Congressional Action Day (May 10, 2017)
- Fidelity Advisory Committee (May 10, 2017)
- Young Professionals Group (May 9, 2017)
- Joint Fidelity Advisory Committee / Fidelity Claims Advisory Committee (November 9, 2016)
- Statistical Advisory Committee (September 21, 2016)
Members may register online for upcoming meetings or get more meeting details at http://www.surety.org/events/event_list.asp.