License and permit bonds generally run to a governmental body as Obligee and
provide indemnification for loss or damage resulting from the principal’s
failure to comply with a law, ordinance or regulation. Some bonds may be simple
compliance type obligations and others may be required as an adverse selection
process or financial guarantee. It is always important to understand the
underlying regulations when underwriting these bonds because many times the bond
form does not outline all obligations of the Principal and Surety.
Following are bonds
most commonly requested by our Texas agents. Some are highly desirable
bonds and no application or underwriting is necessary. Others may require
careful underwriting of the applicant’s financial position, creditworthiness
and experience. Always check with our
commercial surety staff
for any bonds requested. No underwriting
authority is granted here. We simply want to provide you the tools to
assist you in getting your job done.
If you don't see
what you need, check our extensive Bond Forms Library
or
contact us at 1-888-344-3362 (toll free).
