What is a Surety Company?
Surety bonds are either written by individual surety companies or subsidiaries or divisions of larger insurance companies engaged in the business of acting as a surety. These companies are authorized to do business by the state…
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Collateral Security: The Surety’s Power
The indemnity agreement is the foundation of the surety bond. It’s what separates surety from insurance: the agreement functions as a mechanism to have the principal repay the surety for any claims paid out to…
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What is a Surety Bond?
Click here to get a Surety Bond A surety bond may be required for a range of activities including gaining a contractor’s license to appealing a court case to obtaining a mortgage broker license. But…
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So You Need a Surety Bond
So you’ve just been told you need to purchase a surety bond. That’s all. No specifics were given regarding your profession or court case or industry. Well, it turns out that surety bonds come in…
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