Why do courts require surety bonds instead of cash or security deposits from litigants, guardians, and other principals? Generally, courts do not have the capacity to manage and keep track of cash collateral or security deposits. In the past, courts have misplaced...
Most of the surety bonds we underwrite automatically renew yearly. Therefore, we send invoices to our clients once a year on the month their bond renews. The bond renews the same month we issued during the first year. When clients sign the indemnity agreement, they...
