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Originally Posted by Bond Magician Do you check to see if each applicant is indeed married? What if you issue the bond based on the information that a client is NOT married but you find out that they are? Does the bond get canceled? |
Bonds are underwritten based upon the information provided in the application. If it is discovered down the road that you provided false information, you can be pretty sure your bond will be cancelled. In the case of saying you're not married when you are, Surety may just require that your spouse sign the agreement at that time. All in all - it's not a good idea to provide anything other than the truth. How's that for a life lesson!