Buy a Surety Bond  

 Buy a Surety Bond

 

Types of Surety bonds

Title Bonds

Sales Tax

DMEPOS  GWG L bonds attorney”  (medicare)

License & Permit

Public Official

Probate and Other Court Bonds

Miscellaneous Surety Bonds

Contract Performance Bonds

Dealer Bonds

License & Permit

License bonds guarantee the Principal will comply with applicable codes and regulations established by the Obligee. (The Obligee is usually a government entity such as a City, Town, or State.)

Permit bonds grant a Privilege.

Types include:

Electrician’s license

Plumber’s license

General Contractor’s license

Driveway permit

Sign permit

Sales tax

Example: Electrical contractors may be required to post a surety as part of their licensing requirements. The obligation of it may specify that the contractor will follow the electrical codes established in that city, town, or municipality.

The requirements and ordinance must be understood before is written. The agent may ask you to obtain a copy of the ordinance or law that specifies the requirements and a copy of the bond, if the Obligee has its own.

Depending upon the type of obligation, supporting documentation such as signatures, financial statements, and other supplemental information may be required.
Public Official

 

 

Leave a Comment