NASBP is pleased to offer the following informative resource materials on commercial surety. Bond Execution Guide - An basic manual to help administrative staff reach a general understanding of the basics of the surety bond form, including important terms and items to check. "The Business of Non-Construction Surety Bonds ," an article published in the NASBP Jan/Feb 2017 Pipeline
The William J. Angell Surety School offers expert and comprehensive training for surety professionals with varying levels of knowledge and expertise. CE Continuing Education The William J. Angell Surety School offers expert and comprehensive training for surety professionals with varying levels of knowledge and expertise.
NASBP Surety School
Retired Surety Professional members can remain involved in NASBP, including by attending the annual NASBP Annual Meeting & Expo. “Retired Surety Professionals,” are those persons who: are former employees of regular members and affiliates, who are retired from companies in good standing at the point of the employees’ retirement; have been in the surety business 15 or more years before retirement; and no longer engage in the production of surety as a producer or an underwriter. To find out what your NASBP Retired Surety Professional dues dollars give you, click here . To find out what joining NASBP as a Retired Surety Professional membership entails and to access the application, click here . For questions, to be emailed the Retired Surety Professional membership application, or for additional information, please contact Dasha Harris at 240.200.1282 or dharris@nasbp.org
Most surety bonds are written by subsidiaries or divisions of insurance companies, which are regulated by state departments of insurance. Surety companies are authorized and qualified to do business by the state insurance commissioner where they are domiciled and in the jurisdiction where the bond is issued
NASBP_What Are Sureties_Final.pdf
This workshop provides a deep dive into commercial surety. The instructors are commercial surety producers and underwriters with years of experience, they will outline key elements of commercial surety including legal requirements, financial analysis, underwriting processes, participant roles, and risks
This course provides a thorough orientation to the contract surety business. A major focus of the course is to have the student understand how construction businesses are organized and managed with a strong focus on their financial accounting methods and how this relates to their bonding program. The major types of contract surety bonds are reviewed - their purpose, their limits, their risks, and conditions for default.