Request for Revisions to Standard Forms (SF) 24, 25, 25A, 34, 35 – 08/21/2012

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of firms employing professional surety bond producers, I am writing you to make you aware of problems arising from use of the above referenced Standard Forms and to request their revision. Each of these forms contains a section to indicate the “TYPE OF ORGANIZATION” of the bond principal. The only choices provided for type of organization are “individual,” “partnership,” “joint venture,” and “corporation.” It is worth noting that an alternative choice of “other” is not provided.

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