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Old 04-16-2008, 03:06 PM
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1) Only if it is something that the bond guaranteed. You may want to have your attorney review the bond form and the state statutes it lists.

2) More than likely you signed an indemnity agreement stating that the surety is held harmless in the event of a claim.

3) Indemnity agreements usually require you to not only corporately guarantee the bonding companies assets, but also personally. So more than likely, yes. However, you will need to refer to your agreement with the surety to make sure.

4) I am sure they could, as the indemity agreement states that you agree to pay all claims and the associated legal fees. However, the bonding company may or may not decide to do so, depending on whether or not it makes sense for them to do so financially.



Let me know if you have any additional questions!
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