Fidelity & Guaranty Insurance Co. v. Blount

PIERCE, Justice,

for the Court:

¶ 1. On a consolidated appeal, Fidelity and Guaranty Insurance Company (“F & G”), St. Paul Fire and Marine Insurance Company (“St. Paul”), Travelers Casualty and Surety Company of America (“Travelers”) and the United States Fidelity and Guaranty Company (“USFG”), collectively referred to as “sureties,” are challenging the constitutionality of certain practices of the Mississippi State Tax Commission (“Tax Commission”) as related to certain contractor payment and performance bonds as required by law.

¶ 2. On June 26, 2002, F & G, a surety company licensed and…