Click to verify BBB accreditation and to see a BBB report.
Follow us on twitter!
+ Reply to Thread
Results 1 to 2 of 2

Thread: New Ownership

  1. Phillies
    Phillies is offline Member
    Join Date
    Oct 2006
    Posts
    69

    New Ownership

    We are purchasing a travel agency that currently has a bond under a standard market. Can their bond be transfered to our company name?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    The surety will have to re-underwrite the bond, as it was approved on the assessed risk of the company and it's owner(s). Changing the owners changes everything. It would be best to call the agent the original bond was placed with to see what the next steps are.
    Surety Bond Articles
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
« Previous Thread | Next Thread »

Similar Threads

  1. New Ownership
    By Mother Bond in forum ARC Bonds
    Replies: 5
    Last Post: 11-23-2007, 02:42 PM
  2. 96% ownership
    By Bond Magician in forum Telemarketing Bonds
    Replies: 1
    Last Post: 11-01-2007, 08:03 AM
  3. Ownership
    By Hamburglar in forum Miscellaneous Bonds
    Replies: 1
    Last Post: 06-25-2007, 10:26 AM
  4. Ownership
    By chefman in forum Mortgage Broker Bonds
    Replies: 1
    Last Post: 05-16-2007, 12:45 PM
  5. home ownership
    By ssrog in forum Motor Vehicle Dealer Bonds
    Replies: 1
    Last Post: 02-21-2006, 09:08 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Forum Rules


Content Relevant URLs by vBSEO 3.5.0 RC1 PL1