INSURANCE BOND
A surety bond is a three party agreement. Where the sirrance company (surety) backs up the insured by
offering a third party guarantee of the insured’s actions or performance the surety agrees to honor the
insured’s obligations (s) towards the oblige in the events of the taller’s default. Therefore, if the
principal defaults the Obligee looks to the surety company for payment
MOST COMMON BOND TYPES
Miscelaneous Bonds
- AAA (Water Server)
- AEE (Electrical Services)
- PRTC (Telephone Service Provider)
- U.S. Customs (Imports)
- Lease Bonds
Contract Bonds
- Bid Bonds
- Payment and Performance Bonds
- D.A.C.O. Bonds
PO Box 363832 San Juan PR 00936-3832
T: +1 (787) 754-0900
F: +1 (787) 754-0940
Licence Bonds
- Travel Agency
- Real Estate