Will the Liquidator pay claims from any bond specific collateral that has been deposited with Amwest?
Generally, no. Until the proof of claim process is complete, the exposure on a bond may not be known. On a case-by-case basis, the Liquidator can satisfy undisputed claims, where there is full cash collateral (or equivalent) to pay the claim and payment of the claim will result in a release of the surety from all parties who could claim against the bond and full exoneration of the bond.
Related Questions
- If the defendant chooses to have a new bail bond written, may the premium be paid from collateral being held by the agent that indemnifies the Amwest/Far West bail bond?
- Why does the Chapel Hill Public Library need support beyond what the citizens pay in taxes and approved bond issues?
- If collateral was pledged to obtain my Amwest/Far West bail bond, how will I get it back?
