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Thread: Renewal Time

  1. Mother Bond
    Mother Bond is offline Senior Member
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    Oct 2007
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    171

    Renewal Time

    My bond will be up for renewal soon... will I just be billed for the premium or will I be required to provide updated financial info first?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
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    Oct 2007
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    558

    ARC Bond

    Quote Originally Posted by Mother Bond
    My bond will be up for renewal soon... will I just be billed for the premium or will I be required to provide updated financial info first?
    Depending upon the size of your bond, Surety may want some updated financials. That being said, they generally just renew the ARC bonds so renewal invoices should be sent out 60 +/- days prior to the renewal date. All we would require (if financials aren't necessary), is a copy of the renewal letter from ARC confirming the bond amount.
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  3. aarathi
    aarathi is offline Junior Member
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    Nov 2007
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    It will be renewed at any time.
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  4. Surety Queen
    Surety Queen is offline Surety Professional
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    Oct 2007
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    558

    ARC Bond

    Quote Originally Posted by aarathi
    It will be renewed at any time.

    The bond will renewed according to the term of the original bond.
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