Livestock Market Agencies, Dealers, and Packers operating in the State of Illinois are required under 225 ILCS 6145/16 of the Idaho Code to execute an Illinois Livestock Market Agencies, Dealers, and Packers Surety Bond to ensure compliance with 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 Illinois Livestock Market Agencies, Dealers, and Packers Surety Bond holds you accountable for your business decisions.
By possessing an Illinois Livestock Market Agencies, Dealers, and Packers Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.