Unsure-ty bonds

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04/01/2009
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The Cable Guy hd Despite e-mails and promotions from various insurers, providers can't obtain surety bonds yet. Sure, they can call the insurers for more information. They can even begin the process by filling out applications. But they can't obtain bonds. Why? Because there's no approved form. Word has it that the Surety Association has submitted a form to CMS, but the association hasn't heard anything back yet. Some say it could be another two weeks. That doesn't leave much time for the providers seeking to enroll in Medicare or providers changing ownership, who must have bonds by May 4, 2009. Existing providers must have bonds by Oct. 2.

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On a surety bond side note: AAHomecare, which has teamed up with Aon Affinity Insurance Services, is playing hardball to get your surety bond business. In a recent e-mail blast to members, it stated: "By participating in this AAHomecare sponsored surety bond program, you are supporting AAHomecare's government affairs efforts on behalf of the entire industry. This program is available to members and nonmembers alike within the homecare community." Rear Window hd

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Comments

I have seen a draft of the <a href="http://integritybonds.com/surety-bond.html" rel="nofollow">Surety bond</a> form the final release should be out by next week.
The bond for is pretty standard with a 30 cancellation clause and no aggregate limit most surety companies should be willing to write it