If you are engaged as a modular home retailer in Mississippi you are required under Title 75, Chapter 49 of the Mississippi Code and the Mississippi Insurance Department Regulation MH-2008-1 to file a Mississippi Modular Home Retailer Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Mississippi Modular Home Retailer Bond holds you accountable for your business decisions.
By possessing a Mississippi Modular Home Retailer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.