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Guest Blog – 5 Common Misconceptions About Surety Bonds

Construction Law Monitor

A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc. ’s largest electrical contractor. Currently, the company that provided bonding to Truland, XL Specialty Insurance Co., In the event of bankruptcies and pending claims, there is nobody else but the surety provider to cover the costs.

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Guest Blog – 5 Common Misconceptions About Surety Bonds

Construction Law Monitor

A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc. ’s largest electrical contractor. Currently, the company that provided bonding to Truland, XL Specialty Insurance Co., In the event of bankruptcies and pending claims, there is nobody else but the surety provider to cover the costs.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Lenders negotiate their own fees and the USDA charges 2 percent of the guaranteed amount as a one-time fee. CORPORATE BUSINESS TAX EXEMPTIONS: Available for: All insurance companies, Connecticut incorporated and non-Connecticut incorporated. The public utilities tax rate is 4.25

Income 75