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Notaries don't require Errors and Omissions insurance by law in order to operate in California. However, the nature of the work of notaries is such that they should strongly consider getting it. Errors and Omissions insurance is specifically designed to protect notaries if they make an unintentional mistake.
The seal MUST be in blue or black ink and include the following information: The notary public's official name as written in his/her official signature. The notary's county of commission the county where his/her bond is filed. The words Notary Public and Arkansas. 2022 Notary public's commission expiration date.
Average costs for E&O coverage are usually $500 to $1,000 per employee, per year. So, if your business has 50 employees, you can estimate your errors and omissions premium to be between $25,000 and $50,000 per year.
Arson-related offenses. Assault. Auto theft. Battery. Burglary. Carrying a concealed weapon. Carrying a loaded firearm in a public place. Child molestation.
A Notary bond is a financial guarantee Notaries purchase from a surety company. The bond ensures that, as a Notary, you will fulfill all obligations to protect the public from financial harm resulting from any wrongdoing on your part when performing notarial duties.
(b)(1) A notary public shall send a signed letter of resignation to the Secretary of State and shall return his or her certificate of notary public commission when the notary public: (A) Wishes to resign his or her commission; (B) Does not maintain legal residence or employment in this state during the entire term of
Complete an online notary application and pass a notary exam no more than sixty days before your current notary term expires. Purchase a $7500 Arkansas notary bond. Mail the notary application, notary bond, and a $20.00 fee to the state.
The state of Arkansas requires every Notary to purchase a $7,500 Surety Bond in order to protect the public financially from the possibility of a negligent mistake or intentional misconduct. As the nation's Notary bond leader, the NNA is ready to issue your state-required bond.
Can I perform a notarization for a family member? Arkansas law does not specifically address this issue. However, most notary authorities agree notaries must not notarize for their family members.