Subdivision Bonds — Part 4

Subdivision Bonds — Part 4

Suretyship is one of the oldest professions in the world, but few are familiar with the industry. In a way, a surety bond is similar to having a co-signer for an obligation. It is viewed as an extension of credit. If the developer of a project fails to build what is...
Appellate Bonds Cont’d. [VIDEO]

Appellate Bonds Cont’d. [VIDEO]

 In my last video on this topic, I covered the reasons why you would use an appellate bond.  In New York State, once a judgment is entered, the other side can execute upon it. In this video, I want to talk about what happens when that judgment is being executed upon....
Appellate Bonds [VIDEO]

Appellate Bonds [VIDEO]

This is the first of a multi-part series about appellate bonds, also known as supersedeas bonds, undertakings on appeal, and stay bonds. This part of the series describes the purpose of an appellate bond, which is to guarantee the payment of the judgment once the...
Out-of-State Insurers Need Bonds to File in New York

Out-of-State Insurers Need Bonds to File in New York

Insurance Law ISC 1213 provides that, when a non-admitted insurer is involved with a court proceeding involving one of their insurance contracts, they can be required to post a surety bond or an undertaking to proceed with their filing.  The insured is the party...