On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of surety bond producers, whose membership includes licensed resident bond producers and licensed non-resident bond producers in California, I am writing you to respectfully request the prompt review and modification of State of California bond forms, such as Bond of Insurance Broker, Bond of Surplus Line Broker, and Bond of Special Lines’ Surplus Line Broker, that include a requirement for the surety or the attorney-in-fact for the surety, its authorized bond producer, to indicate next to the signature line the “Place in California where executed.”
Topic
Advocacy, Contract Surety, Forms
Publish Date
April 28, 2008
Region
California, States
Audience
Agents, Owners
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond