Benefits of Partnership

The Partnership Account™, on-line management system, gives your contractor clients a very
significant edge over their competition. Now they are able to make last minute changes to their bid
bonds. An on-line security access code and contact with their personal bond administrator and underwriter guarantees confidentiality, security and independence in the management of their surety
line of credit. The surety management system will also provide your clients with management reports. This revolutionary system will directly impact the bottom line profitability of your customers.

Agent responsibilities

They vary depending on agent’s selections. Using the agent’s ID # their customers can deal
directly with Colonial Surety and the agency will receive its commission on every premium transaction.
If desired, the agency may elect to handle the initial submission. Colonial will always maintain direct
underwriter contact with the principals. In the event of a claim, Colonial’s Claim Department will
handle all aspects of the claim.

Tracking customers online activity

The agent will receive a confidential username and password to view all account activity with
contractor-client consent.

Partnership Account™ qualifications

Colonial is most interested in writing public work contractors whose sales range from 2 million to 8 million dollars in revenues. We are only interested in Prime General Contractors and prime
subcontractors for the major trades. We also offer a specialty program for school bus
transportation contractors.

Minimum premium

We expect the account to generate an annual minimum premium of $25,000.

Partnership Account™ line of credit documentation

1. General Indemnity Agreement - We require Corporate and Personal Indemnification.
   The General Indemnity Agreement requires a Bank Signature Guarantee of all principals
   and spouses.
2. Partnership Account Indemnity Agreement - We require Corporate and Personal Indemnification . The Partnership Account Indemnity Agreement requires a Bank
   Signature Guarantee of all principals and spouses.
3. Service Undertaking Agreement – Outlines the rates and fees assigned to the account.
4. Contractor's Agency Consent Form.

Submission process

Once you are appointed an affiliate agency, you will receive an agency code. Simply enter the
secured agency submission procedure link and submit your account reservation. You will be notified
if your account reservation is approved based on the information received within two business days.
Upon receipt of a complete submission, you can expect a decision within 10 business days.