The Three C’s of Surety Bonding
The underwriting process for surety bonds involve researching and evaluating the risk of bond applicants. Though every surety company creates their own diverse criteria and guidelines for underwriting, the same three basic factors are habitually…
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Conservatorship in Michigan for Adults Who Become Disabled
Formerly-competent adults in the State of Michigan who lose the ability to take care of themselves properly are often appointed conservators or guardians to care of the incapacitated person and their property. The conservator is…
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What are Principals and Obligees in Surety?
Whether you’re starting a business, launching a construction project, or entangled in court, you will need a surety bond to guarantee payment from the surety to the obligee if the principal is unable to meet…
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What You Need to Know About Arizona Auto Dealer Bonds
A motor vehicle dealer bond, also referred to as a DMV bond, ensures the compliance of a motor vehicle dealer with state, federal, and local laws, including any tax and judgement parameters related to motor…
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Real Estate Agents vs. Mortgage Brokers
Both real estate agents and mortgage brokers work to help buyers purchase physical property. But what are the differences between the two? The two help toward the same goal of obtaining physical property, but mortgage…
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Incorrect Project Estimates Cause Construction Cost Overrun
It’s extremely difficult for construction projects to come in under budget. Poor project management may be one reason for the error while unforeseeable circumstances may be another. But one of the most common causes of…
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Massive Surety Industry Growth Expected by 2025
With much global infrastructure needing to be replaced in first world countries such as the United States, the global surety market is expected to grow by 7% per year up to the year 2025. There are going…
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What is a Receiver and What Do They Do?
A receiver is an individual selected by the court to receive power, property, and assets of a firm pending an ultimate decision of a lawsuit. Receivers are chosen by the court, government, or contract. Per…
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Colorado Lost Instrument Bond
In the state of Colorado, a lost instrument surety bond is required to protect against losses of financial securities, like checks, stock certificates, mortgages, certificates of deposits, money orders, bankbooks, unclaimed property, promissory notes, life…
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