CNA Surety - Agent Updates/Bulletins

Agent Updates/Bulletins

CNA Surety is dedicated to the nation's Independent Insurance Agency Force. We're proud to have over 34,000 independent agencies representing us. One way we strive to keep the lines of communication open are with Agent Bulletins on bond-related issues ranging from bond coverages to rate changes. To find out what's new in your area, refer to the appropriate link below:

July 03, 2008 General Information
Illinois Disaster Actions
In response to the CB#2008-04 – Exceptions for Consumers in Disaster Areas directive issued by the Illinois Department of Financial and Professional Regulation dated June 17, 2008, the following are the actions that CNA Surety has taken to implement the requirements:

Reviewed list of all bonds/policies cancelled since June 10, 2008, and have reinstated or renewed any bonds/policies for principals/insureds in the affected areas.
Reviewed list of all bonds/policies cancelled since June 10, 2008, and have notified any principals/insureds which have had bonds/policies cancelled or nonrenewed but are not in the affected areas to contact us if they were adversely affected by the flooding to determine if their bond/policy should be reinstated or renewed.
Placed a moratorium on cancellation or nonrenewal of any bonds/policies currently in effect for principals/insureds in the affected areas until at least August 18, 2008.
Added a notice to all other cancellation/nonrenewal notices sent out on bonds/policies for principals/insureds not in the affected areas of Illinois to contact us if they were affected by the flooding to determine if their bond/policy should be reinstated or renewed.
Advised principals/insureds for which bonds/policies have been cancelled or nonrenewed to contact us with complaints and also of the availability of the Division for filing a complaint regarding any disaster-related dispute or issue.
Placed this notice on the CNA Surety web site as directed.
We are giving 60-day extension of payment terms. Depending on the circumstances, we may give more time as needed.
Our Agency Department is giving agents in the disaster declared areas an extra 60 days prior to closure unless specifically requested by the agent. Agency is also extending the time for these affected agents to provide copies of the individual and firm licenses for new or renewal appointments.

June 01, 2008 Tennessee
Tennessee Motor Vehicle Dealer Bonds
Effective July 1, 2008, the state of Tennessee has increased the bond amount required for New and Used Motor Vehicle Dealer Bonds to $50,000. Any new bonds written or existing bonds renewed with an effective date of July 1, 2008, or after must be at the new $50,000 bond amount.
CNA Surety continues to offer a streamlined approach to underwriting these bonds.

No financial statement required

All information on one easy application

Quick turnaround on your submission

The State of Tennessee requires all new and renewal bonds to be written for a two-year term. We will automatically process renewals at the new bond amounts for all our existing, qualified insureds, at the best rate for which they qualify.* To determine if your client qualifies for our best rate, complete and return a Form 10-E Easy Application. Fax it to us for a quick response at 605-335-0357, email info@cnasurety.com or try Internet bONdLINE.**
CNA Surety is one of the largest surety companies in the country. We are committed to handling your bond business now and in the future. With fast, convenient service, along with competitive prices, we will provide you with the best service in the industry!
* Subject to credit check and underwriting qualifications.
** Access to Internet bONdLINE requires prior enrollment and is subject to certain terms and conditions. Internet bONdLINE is for new business only and cannot be used for renewals or to increase existing bonds.

May 22, 2008 Texas
Application for Appointment as a Texas Notary Public
Effective April 2008, the state of Texas revised the form for Application for Appointment as a Texas Notary Public. The new form has condensed the Application, Official Notary Public Bond, and Statement of Officer sections to one page. The reverse side of this form now consists of the Instructions and Information sections.
Please begin using the new form immediately. For your convenience, a copy of the new application is enclosed. You may make additional copies of this form as needed or you can contact our office at 1-800-331-6053 or info@cnasurety.com for an additional supply.

May 09, 2008 Nebraska
Individual Notary Errors & Omissions Policies
GOOD NEWS! Effective immediately, we are pleased to include, at no additional cost, a $5,000 Notary Errors & Omissions Policy with every new individual notary bond issued. We will mail each complimentary errors & omissions policy with the notary bond invoice or bond form.
Remember, notary bonds only protect the public, not the notary, and the Notary Errors & Omissions Policy provides coverage for the notary's own protection. While $5,000 worth of coverage is a start, we suggest that you offer each of your notary insureds additional limits. We offer additional coverage amounts of $10,000, $15,000, $25,000, $50,000 and $100,000 at very competitive prices.
You may obtain the complimentary Notary Errors & Omissions Policy with the notary bond using Internet bONdLINE. If you do not have bONdLINE, you may continue to use your current pre-executed pads for notary bonds and we will simply issue the complimentary Notary Errors & Omissions Policy when we receive the Report of Execution of the notary bond. We are developing combined pads with the notary bond and complimentary Notary Errors & Omissions Policy. Once these combined pads are available, we will update your pads accordingly if you do not have Internet bONdLINE.
Contact us at 1-800-331-6053 or info@cnasurety.com for pricing or if you have any questions about these or any other miscellaneous bonding needs.

May 06, 2008 District of Columbia
New Notary Public Errors & Omissions Policy Form
We are implementing a new policy form for Notary Public Errors and Omissions insurance that contains important changes to the policy provisions. Enclosed is a copy of the disclosure we will attach to policies: Policy Change Disclosure. Please review the notice closely as it describes the changes to the policy. (This notice is for the individual policy; the notice for the group policy will be similar.)
We will begin using the new policy form immediately. Also, as policies expire, subsequent policies will be issued on this new policy form. Please return the old forms to our office or set them aside for your marketing representative to pick up on his/her next visit. Going forward, please order policies for your notary insureds by phone or fax. Alternatively, you can order a policy through info@cnasurety.com or, if you have access to Internet bONdLINE, you can instantly issue a policy through Internet bONdLINE.
We encourage you to continue offering valuable Errors and Omissions coverage for notaries. If you have any questions about this coverage, or if we can assist with any of your bonding needs, just give us a call at 1-800-331-6053.

May 01, 2008 General Information
Non-Resident Appointments
To solicit business, bind coverage, write a risk, or receive commissions for a nonresident state, an agent must be licensed and appointed for that state.
Should your agency intend to write business with us for another state, please send us a copy of your license(s) for that state. Remember to include your agency code on the correspondence.
If you have any questions about this, please feel free to contact us at 1-800-331-6053 or info@cnasurety.com.

May 01, 2008 Tennessee
Agent Licenses
As the licenses for your agents renew, we need current copies of them.
Please only send us copies of licenses for those agents within your agency who are appointed with us. Remember to include your agency code on the correspondence.
If you have any questions about this, or if we can assist with any of your miscellaneous bonding needs, contact us at 1-800-331-6053 or info@cnasurety.com.

April 01, 2008 South Dakota
Individual Notary Errors & Omissions Policies
Effective immediately, we are pleased to include, at no additional cost, a $5,000 Notary Errors and Omissions Policy with every new individual notary bond issued. We will mail each complimentary errors and omissions policy with the notary bond invoice or bond form.
We are pleased to offer very competitive rates along with this new benefit and the fastest, most convenient service in the industry. The $5,000 notary bond is only $50 for a six-year term!
Remember, notary bonds only protect the public, not the notary, and the Notary Errors and Omissions Policy provides coverage for the notary's own protection. While $5,000 worth of coverage is a start, we suggest that you offer each of your notary insureds additional limits. We offer additional coverage amounts of $10,000, $15,000, $25,000, $50,000 and $100,000 at very competitive prices.
You may continue to use your current pre-executed pads for notary bonds. If you would like a supply of combined pads with the notary bond and complimentary Notary Errors and Omissions Policy, please contact us and request a supply.
Please call us at 1-800-331-6053 if you have any questions about these or any other miscellaneous bonding needs.

March 13, 2008 General Information
Wage & Welfare and Indemnity to Union Bonds
For agents in: AK, AZ, DE, DC, ID, IN, ME, MI, MN, MT, NH, NJ, NM, OH, OR, PA, RI, TX, UT:
Due to our deteriorating loss experience on Wage & Welfare and Indemnity to Union Bonds, we are adjusting our rating structure and rates for these bonds. Under the new rating structure, accounts with supporting contract business will receive a preferred rate.
Please contact us at 1-800-331-6053 or info@cnasurety.com if you have any questions about these rates or if you need assistance with your bonding needs. We write more bonds than any other company in the industry and still provide you with the best service!

February 07, 2008 Oregon
Oregon Contractor License Bonds
Effective January 1, 2008, the Oregon Contractor License Board increased certain bonding requirements for new contractors. EFFECTIVE IMMEDIATELY, we are pleased to offer new rates for bond amounts in excess of $15,000.
We encourage you to take advantage of our streamlined underwriting approach by using our Form 10-E Easy Application for this type of bond.
Please contact our experienced bond specialists at 1-800-331-6053 or info@cnasurety.com if you need assistance with any of your bonding needs. We want your business!

Top | Home | About CNA Surety | Products | Broker/Agent Services | bONdLINE
News | Customer Resources | Contact Us | Search | Site Map

Read Disclaimer This site and its contents © Copyright 2000 CNA Surety. All rights reserved.