Level I

Level I is intended for in-house bond department staff, producers new to contract surety, and those new to the industry. The curriculum includes an overview of the surety industry, introductory financial statement analysis, work in process concepts and application, surety credit information-gathering techniques, submissions to surety companies, review of regularly encountered surety documents and bond forms, commercial surety,  introduction to claims handling concepts. The three-day course culminates with a review of all subject matter presented in an interactive, participatory format.

This course is rated "basic/introductory." It is intended for the student who has little or no knowledge of the subject matter or who has little or no prior experience with the subject matter.  

Registration costs - 
Members/Affiliates/Associates Rate  - $1,395
Non-member registration costs - $2,790

Please note: Registration is not considered complete until the fee is paid and the student information survey is complete. This short survey is designed to gauge each participant’s level of surety knowledge and help our Surety School faculty tailor each class to the participants. It is not a test. It will be emailed to each registrant to complete in May 2023.

All cancellations and transfers must be sent in writing to NASBP at prodev@nasbp.org. Requests for transfers to alternate classes at the same event, future events, or to another employee of the same company are considered case-by-case. For a full refund, written cancellation must be received 30 calendar days before the start of the event. Cancellations received between 15 - 29 days before the event are eligible for a 50% refund. Cancellations received in less than 15 calendar days before the event, or on registrations that have been transferred to a later event are not eligible for refunds. All refunds will be charged a 5% processing fee.

Hotel Information 

Summer 2024 Surety School will be held at the Hyatt Regency Reston, 1800 Presidents Street, Reston, VA 20190.

CLICK HERE to book your room at NASBP's Group Rate
NASBP GROUP Rate:  $209, plus applicable taxes

Even though NASBP has a block of rooms available at the special NASBP group rate, these rooms could sell out before the hotel room cut-off date of Wednesday, July 10, 2024.  All Students are responsible for making their own room reservations. Room reservations are held on a first-come, first-served basis and NASBP cannot guarantee an accommodation once the room block is sold out.  To avoid disappointment at not getting into the hotel, please secure your hotel room as soon as possible. 

Additional Information

Before coming to school, students should review a copy of The Basic Bond Book, the PDF of which is located on NASBP's Resources page, which will ensure that all students are ready for class.

Level I students who do not have an accounting background are strongly encouraged to view the 1-hour Virtual Seminar Accounting Terminology for Non-accountants (Financial Statements 101). It is free and will greatly improve your understanding of the concepts that will be taught at Surety School.

Summer 2024 Schedule

Continuing Education Credit

NASBP applies for and works to maintain approval by the state insurance/financial services department/commissioner/continuing education committee in each state, the CE's amounts from the most recent approvals of the  William J. Angell Surety School - Level I for the amount of Property/Casualty Insurance continuing education credits listed below. (The CE amounts and approvals listed below are subject to change as courses are renewed)

In order to receive credits, students must sign in at the beginning of each day's class and sign out at the end of each day's class. Students must attend all 3 days' classes in order to receive the credits; no partial credit is awarded. There is no final exam. Note: If you would like to receive CE credits, please do not make travel arrangements that will require you to leave the hotel before 5:00 p.m. on Wednesday (we suggest no flights earlier than 8:00 p.m.).

Hourly breakdown of course time.

For more information, please contact NASBP's Professional Development Department at prodev@nasbp.org or call (240) 200-1270.

¹ Florida Provider number 751. Course number 102688

² Michigan Provider number 0168. Course number 74694

³ New York Provider number NY-NYPO-100049. Course number NYCR-259196. 

⁴ NASBP and this course are registered with the Oregon Insurance Division and registration do not imply endorsement by the Insurance Division.

⁵ ONLY the Virginia Insurance License Number (VLN) or the National Producer Number (NPN) are permitted forms of student identification. This course is categorized as "Non-Company/Non-Agency."

By registering for and attending NASBP meetings, programs, or events, you understand and agree that NASBP or its authorized representatives may conduct interviews and may take photographs and/or videotape and/or audio recordings at such meetings, programs, and events. You hereby grant to NASBP and its authorized representatives the absolute right and permission to use your name, likeness, biographical information, voice, content of any interview, image and/or photograph and any other indicia of persona (Persona) or to refrain from doing so in any manner or media whether existing now or hereinafter developed (including, without limitation, the Internet) worldwide, for trade, advertising, education, and/or promotional purposes. You agree that you shall have no rights of review or approval, no claim to compensation, and no claim arising out of or resulting from the use or alteration or use in any composite form of Persona and agree to release and hold NASBP and its authorized representatives harmless for any and all such uses(s).

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