Directed surety occurs when owners designate a specific producer or surety company from which contractors must obtain surety bonds for a specific project or series of projects.
Who prohibits directed suretyship?
- The federal government prohibits directed suretyship on federal projects.
- 42 states have statutory prohibitions against directed suretyship.
The state Anti-Directed Surety Statute citation is shown below. A version of this resource in chart form is available here.
W. Va. Code § 5-22-1(i) (State and subdivisions)
W. Va. Code § 5-22A-10 (9) (design-build)
W. Va. Code § 38-2-39 (Institutions)
For more information, contact Larry LeClair.
Topic
Advocacy
Publish Date
November 6, 2024
Region
West Virginia
Audience
Agents, Contractors, Owners, Sureties
Resource Type
Anti-Directed Surety Statutes, Resource Map
Waivers of Consequential Damages