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Thread: Reinstate?

  1. Join Date
    Oct 2007
    Posts
    401

    Reinstate?

    I believe my bond was just cancelled. Can I reinstate it?

  2. Join Date
    Sep 2008
    Posts
    110

    You can reinstate the bond after we get permission and confirmation from the Surety Company that holds your bond. There are fees associated with reinstating the bond. I suggest you contact your agent and make the request as soon as possible.

  3. Join Date
    Oct 2007
    Posts
    401

    Reinstate?

    Quote Originally Posted by Surety Wizard
    You can reinstate the bond after we get permission and confirmation from the Surety Company that holds your bond. There are fees associated with reinstating the bond. I suggest you contact your agent and make the request as soon as possible.

    Is there ever an instance where a bond could not be reinstated?

  4. Join Date
    Sep 2008
    Posts
    110

    If a bond goes past the expiration date there is a notice of non renewal that is sent to the State. There will be a term after that date where it is typically ok to reinstate your bond with the permission from the Surety. It is up to the individual Surety Companies to extend reinstatement after that time period. If you are passed the alotted time frame the Surety has the right to deny reinstatement.
    It may behoove you to get a "no loss" letter from the state if you are passed the time alotted for reinstatement. This will strengthen your case with the Surety Company.

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