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What else can I help you with?
Can a surety bond be purchased at a bank?
Not necessarily. Surety bonds are typically sold by insurance companies or surety bond companies that specialize in providing this type of financial guarantee. While some banks may offer surety bonds, it is more common to obtain them through a dedicated provider.
The most common type of insurance for consequential or indirect losses is?
comprehensive insurance
What Is Premium Diversion?
Premium diversion is the embezzlement of insurance premiums. It is the most common type of insurance fraud. Generally, an insurance agent fails to send premiums to the underwriter and instead keeps the money for personal use.
What percentage of surety premiums taken each year are paid out in claims?
On average, insurance companies pay out about 60-70% of surety premiums in claims each year. The exact percentage can vary based on the type of surety bonds issued and the overall risk profile of the insurer.
How do you get a lis pendens bond?
To get a lis pendens bond, you typically need to work with a surety company or insurance provider that offers this type of surety bond. You will need to submit an application along with the required documentation and financial information for underwriting. Once approved, you will pay a premium for the bond, and the surety will issue the bond to you.
Where would one apply for MI car insurance?
Most of the insurance companies provide MI insurance as well. These will include Progressive, Esurance, Geico, Triple A and many others. This is a common type of insurance that is covered.
How much is the surety bond?
Most license & permit surety bonds will run an average of 1-3% premium depending on the type and bond amount however if credit is an issue they can get quite a bit more expensive
What type of insurance do you need if you are starting an auto warranty company To cover the warranty in case you go out of business.?
Product Liability and General Insurance Liability and surety bonds with the states you underwrite in. Florida is the hardest state to sell warranties in.
On an arrest form under Bond what does SUR mean?
In the context of an arrest form, "SUR" likely refers to "Surety" bond. A surety bond is a type of bond issued by a third-party guarantor (a surety company) that helps ensure the defendant's appearance in court. If the defendant fails to appear, the surety company is responsible for paying the full bond amount to the court.
What is the most common type of gecko?
Day gecko, leopard gecko and crested gecko
What is the most common type?
The most common blood type is O.
What type of insurance is most often prone to abuse?
definitly homeowners insurance is abused the most
