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Old 11-18-2008, 10:46 AM
h2o h2o is offline
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Default Independent Sureties
What is an independent surety (as opposed to a surety company)?
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Old 11-18-2008, 11:13 AM
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An individual surety is a person that is licensed to make surety guarantees. The difference being that a personal surety must back up every bond they write dollar for dollar, a 1:1 ratio. Whereas a corporate surety can write bonds in excess of their assets.
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Old 11-19-2008, 09:54 AM
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Does that mean the independent surety has a cap placed on them? Do they have to own the amount that they bond or is this credit based?
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