What Would Create A Claim Under A Surety Bond?
The principal’s inability to fulfill his obligation would create a claim against a surety. What Happens If A Surety Company Has To Pay A Claim? A “principal” is legally obligated to reimburse the surety company for any loss and expense incurred by the surety. The principal’s obligation to the surety can therefore be greater than the original obligation to the “obligee”. The surety has the same recourse against the principals any other creditor would have in recovering their loss. Can I Buy A Bond From An Agent In A State Other Than The State I Live In Or Need A Bond In? You are free to purchase a bond from any licensed agent in the US as long as he is licensed in the state in question. How Can I Tell If I’m Being Quoted A Fair Price For My Bond? Prices can vary substantially. Depending on a surety company’s claim experience for a certain bond or the surety’s desirability for the type of bond you are requesting. The “Fees” an agent charges for a bond can also have a substantial effect o
Related Questions
- What does Racebending.com think about Frank Marshall’s recent claim that the production of The Last Airbender did not create nor intend to use the "Caucasian or any other ethnicity" language?
- Don’t all three faiths claim exclusivity based on their Scriptures, and won’t that create some logical contradictions?
- What Would Create A Claim Under A Surety Bond?
