Attorney Retainer Letters

by Joshua Malone

An attorney retainer letter diminishes some of the risk of fiduciary and probate bonds. The letter states the principal on the bond – the administrator, executor, or guardian – will keep their attorney involved throughout the entire duration of the principal’s appointment. Sureties prefer to maintain the attorney’s involvement during these appointments because attorneys have […]

Court Bond Documents Required for Applicants

by Joshua Malone

When a bond applicant submits an application, the applicant must also submit relevant court papers for most of the bonds we issue. The court documents are a necessary part of the underwriting process. Underwriters and producers need to fully examine and understand the extent of the obligation. This includes knowing the identity of the obligee, […]

Premium Renewals

by Joshua Malone

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 agree to timely pay all due premiums for the entire […]

Guardian Bonds – Part Two

by Joshua Malone

This is another installment concerning the topic of bonds for guardians. In this installment, we will discuss how guardian bonds sometimes are “increased” or “decreased.” To review the first blog post, click here. Throughout the course of a long term guardianship, the guardian may come into control of additional liquid assets. This could occur in […]

Guardian Bonds – Part One

by Joshua Malone

The topic of guardianships is quite dense. Therefore, this will begin a series of posts concerning guardian bonds. This first post is a brief overview of what a guardianship is and why a bond might be required. Guardian bonds are required in Surrogates’ Courts for the benefit of an incapacitated person or a minor. The […]

What Are Court Bonds?

by Joshua Malone

Our agency specializes in an area of suretyship securing court bonds. These bonds guarantee a person or entity will perform some function, as requested by the court, to the court’s standards and rules. Court bonds renew yearly until the court orders their cancellation. There is a long list of court bonds available. The two main […]