underwriting Archives • Pedersen & Sons

ERISA 4204 — Withdrawal of Liability Bonds — Part 1 of 2

by admin | Mar 20, 2023 | Surety Bonds

The ERISA 4204 section comes into play when an employer ceases covered operations under a multi-employer plan or ceases to have an obligation to contribute to such operation because of a bonafide, arms-length sale of assets to an unrelated purchaser who does not recur...

When Are Appeal Bonds Filed and Stays Go Into Effect

by admin | Feb 10, 2022 | Appeal Bonds, Court Bonds

A question that is often asked: When are appeal bonds filed, and when does the stay go into effect? In various state courts, there are different rules and requirements. In this article, we’re going to talk about New York, New Jersey, and the Federal courts to...

The Site Improvement Bond

by admin | Jan 26, 2022 | Performance Bonds, Surety Bonds

Today, I would like to discuss what are commonly referred to as Site Improvement bonds. Sites that are being developed by a real estate entity, especially those that need to be hooked up to either the electric grid or the water system of a municipality, or a new...

Foreign Indemnity

by Neil Pedersen | Nov 23, 2013 | Bonding Procedures, Suretyship

Foreign indemnity can produce problems for surety companies based in the United States. A foreign citizen or business may need to obtain a surety bond in the United States during the regular course of business or litigation. However, only some sureties can take...

Business Entities and Limited Liability

by Neil Pedersen | Jul 24, 2013 | Bonding Procedures, Suretyship

Underwriters must consider a principal’s structure of business when determining whether to approve the principal’s bonds. Businesses have different types of ownership, and thus underwriters must determine which owner, owners, or entities need to indemnify the surety....

ERISA 4204 — Withdrawal of Liability Bonds — Part 1 of 2

When Are Appeal Bonds Filed and Stays Go Into Effect

The Site Improvement Bond

Foreign Indemnity

Business Entities and Limited Liability

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