Examples of Surety insurer in a sentence
To be considered complete, both the Bidder and an admitted Surety insurer authorized by the California Insurance Commissioner to transact surety business in the State of California must sign this Bidder’s bond.
Each bidder must submit with his bid a certified or cashier’s check, cash or an original bidder’s bond issued and executed by an admitted Surety insurer (authorized to transact surety insurance in California), made payable to the order of the County of Orange in an amount not less than ten percent of the Total Contract Amount (as stated above) as a guarantee that the bidder will enter into the proposed contract if the same is awarded him.
Payment and Performance Bonds shall be executed by a California Admitted Surety insurer with a minimum Best’s Insurance Guide rating of A+, Class VII.
All Bonds must be issued by a California admitted Surety insurer using the forms set forth in the Contract Documents, or in any other form approved by the City Attorney.
Each bidder must submit with his bid a certified or cashier's check, cash or a bidder's bond issued and executed by an admitted Surety insurer (authorized to transact surety insurance in California), made payable to the order of the County of Orange in an amount not less than ten percent (10%) of the sum bid as a guarantee that the bidder will enter into the proposed contract if the same is awarded him.