Surety company definition

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

Surety company means an authorized surety or guaranty company that executes and delivers a construction payment bond as a surety for a principal obligor. (V.T.I.C. Art. 7.20, Sec. 1.)

Surety company means Liberty Mutual Insurance Company, 000 Xxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000.

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.

• If the City opts to consent to assignment, the City’s consent shall be contingent upon: 1) a letter from the Surety company agreeing to the assignment and assigning all of the Bonds to the assignee without any reduction, or the assignee supplying all new Bonds in the amounts originally required under the Contract Documents; and 2) the assignee supplying all of the required insurance in the amounts required in the Contract Documents.

• 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 determination that a surety company is unauthorized in Iowa has effect only in Iowa and is not a debarment, suspension, or exclusion for the purposes of Federal Executive Order No. 12549.77.9(3) Surety company obligations.

• Each bond shall be accompanied by a valid Power-of- Attorney (issued by the Surety company and attached, signed and sealed with the corporate embossed seal, to the bond) authorizing the attorney in fact who signs the bond to obligate the company to the terms of the bond, and state any limits in the amount for which the attorney can issue a single bond.

More Definitions of Surety company

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.

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 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 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 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 an insurer authorized to transact surety business in this State.