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What bonds are classified by surety insurance as easy to obtain?
Wiki User
∙ 13y ago
Bonds in this category include license and permit bonds, which protect city or state governments against claims that arise because of a license which the government body issued to some party.
Wiki User
∙ 13y ago
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What insurance does Western Surety Company offer?
Western Surety Company, founded in the year 1900, is an insurance company based in Sioux Falls, South Dakota. It is a leader in small, miscellaneous fidelity and surety bonds.
Where can you find Platte River Insurance Company surety bonds?
loocking for renew a Bond
How Surety can be compared to insurance policy?
Both insurance and surety provide protection against financial loss. Insurance anticipates losses and charges a premium with that in mind where surety companies expect no loss and the premium charged is a 'service fee'. Surety bonds involve three-parties the surety company, principal and obligee. Insurance involves two-parties the insurance company and the insured. With insurance the risk is transferred to the insurance company where as with surety the risk remains with the principal. The surety is providing a guarantee against loss by agreeing to be responsible for the obligation of the principal.
What types of businesses offer a surety bond?
Surety bonds can be offered from a wide range of businesses. They are primarily offered form bonding agencies, but can be seen coming from places such as insurance agencies and even businesses and websites solely developed to offer surety bonds.
Where can you purchase surety bonds?
You can purchase surety bonds online at sites like nation wide bonds, bond express, and JW surety bonds. You can also purchase them from banks and many surety bond agencies.
Do surety bonds have a time limit?
Yes. The term is related to the what the surety bond is guaranteeing. Most surety bonds are annual.
What has the author Samuel J Arena written?
Samuel J. Arena has written: 'The law of commercial surety and miscellaneous bonds' -- subject(s): Surety and fidelity insurance, Suretyship and guaranty
What is wholesale bond insurance?
In relation to Automobiles it is. Wholesale Auto Dealers Surety Bonds are surety bonds required by State Government.Hope this helps. Good Luck and Remember.Change Your Mind, Not Your Oil.Use the First In Synthetic Motor Oil's.See My Bio For more information.
When were surety bonds formed?
The earliest surety bonds were in 2750 BC. However surety bonds are formed all of the time as it is very similar to a co-signer. It is the promise to pay the loaner if the loanee does not pay.
What has the author William A Downing written?
William A. Downing has written: 'The law of probate bonds' -- subject(s): Bonds, Probate law and practice, Surety and fidelity Insurance
What is a surety company?
The surety company is usually an insurance company that is guaranteeing the obligation of another party in a contract. In order for a company to write surety bonds, it must be licensed by the insurance departments of the states in which they conduct business. A surety bond is a contract between three parties. The obligee, principal and surety company. The obligee is the party requiring the bond and will be in receipt of the contracted work. The principal is the primary party who will be performing the contracted obligation and the surety ensures that the principal's obligation will be performed.
What is a surety bond and how is it purchased?
Surety bonds is when a third party agrees to pay one party an amount if the second party fails to meet the contract. Surety bonds can be issued by banks.
