Surety Bond Forums - JW Surety Bonds
  #1 (permalink)  
Old 06-23-2008, 09:52 AM
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Join Date: Oct 2007
Posts: 366
Default Return Premium?

Hello,

I just received an Employee Dishonesty Bond from you about a week ago. After I received the bond, I decided not to venture into this type of business. I still have the original bond. If I send it back to your office, is there a chance that I could get any return premium?
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  #2 (permalink)  
Old 06-24-2008, 06:29 PM
Surety Professional
 
Join Date: Oct 2007
Posts: 558
Default Fidelity Bonds

Quote:
Originally Posted by Bond Magician
Hello,

I just received an Employee Dishonesty Bond from you about a week ago. After I received the bond, I decided not to venture into this type of business. I still have the original bond. If I send it back to your office, is there a chance that I could get any return premium?
There is a chance - yes. However, if you review the quote that you received from us, it does indicate that the first year of premium is fully earned. Surety really likes to stick with this procedure, but they have been known to make exceptions.
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