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Old 03-10-2008, 11:15 PM
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Default Obligation
When applying for bond... at what point of the process am I obligated to getting the bond? I just want to make sure before accepting a quote.
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Old 03-11-2008, 11:11 AM
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Default Miscellaneous Bonds
Quote:
Originally Posted by Mother Bond
When applying for bond... at what point of the process am I obligated to getting the bond? I just want to make sure before accepting a quote.
Once the bond is actually issued, it's yours. Be aware that premiums are generally fully earned upon issuance of a bond. Signing agreements and sending money doesn't fully obligate you until the bond is issued.
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