Surety company definition

Surety company means a company that is authorized by the department of insurance to issue bonds as surety.

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Surety company means an authorized surety or guaranty company that executes and delivers a construction payment bond as a surety for a principal obligor.

Surety company means a company or corporation authorized to do business in the State of Rhode Island to engage in the business of entering into guaranty and suretyship contracts and acting as a surety on bonds.

Examples of Surety company in a sentence

The Performance Bond and the Payment Bond forms will be included in the Contract Documents and said forms must be properly executed by the Surety company and successful Bidder within ten (10) days after receipt of notification from the County of its award of the Contract.
The Surety Company shall be a Surety company duly and legally authorized to do business in the State of Texas and acceptable to the BOARD.
The Bonds shall be issued from a Surety company authorized to do business in the State of Florida by the Department of Insurance.
The Surety on such bonds shall be satisfactory to the Owner and shall be a duly authorized Surety company licensed to do business in the State of Colorado, and appearing on the latest Federal Register circular 570 as published by the Department of the Treasury unless otherwise approved by the Owner.
Should the Surety lose its Certificate of Authority according to the current Federal Register published by the U.S. Department of the Treasury, and/or should its Best rating be reduced below the rating required in Paragraph 24.3.4, the Owner will have the right to require Design-Builder to change the Surety to an acceptable Surety company, all at Design-Builder’s expense without reimbursement from Owner.

More Definitions of Surety company

Surety company means Liberty Mutual Insurance Company, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇.

Surety company means any company that is listed on the schedule of companies licensed to do business in Ontario pursuant to the provisions of the Guarantee Companies Securities Act RSO 1990 c. G. 11 as amended from time to time.

Surety company means The Mountbatten Surety Company, Inc., a Pennsylvania insurance company.

Surety company means a company that is authorized by 13

Surety company means a surety company that has a certificate of solvency from, and its rates approved by, the New York State Depart- ment of Financial Services and/ or appears in the most current edition of the U.S. Department of Treasury Circular 570 as eligible to issue bonds in connection with procurement contracts for the United States of America.

Surety company means any company designated as a surety company 5 under [Article 48A, Subtitle 29 of the Code] TITLE 21 OF THE INSURANCE ARTICLE.

Surety company means an insurer authorized to transact surety business in this State.