Lost Instrument Bonds
These bonds indemnify a bank or other entity for any loss suffered because of duplicate securities or other issued instruments
What is a Lost Instrument Bond?
Owners of stock certificates, checks, certificates of deposit, mortgages, life insurance policies, or other securities sometimes lose these documents and request duplicates.
Many times, banks and other entities that issue these duplicate instruments require the owners of these lost documents to post Lost Instrument Bonds. The Lost Instrument Bond guarantees the owner of the lost document will indemnify the bank or other entity for any loss it suffers because of the duplicate securities or other issued instruments.
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Licensed and admitted in all U.S. states and territories.
Rating
Rated “A” Excellent by A.M. Best Company and U.S. Treasury Listed.
(NAIC #10758)
BUSINESS ADDRESS: 123 Tice Boulevard, Suite 250, Woodcliff Lake, NJ 07677.
PHONE: (201) 573-8788.
SURETY LICENSES c,f/: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, GU, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MP, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY.
INCORPORATED IN: Pennsylvania.
For more info about surety underwriting limitations read Circular 570 published by the U.S. Department of the Treasury.
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