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What is a bond?

    A Bond is a written promise that an insurance company will back up the promises made by someone else.

     For example, Fiduciary bonds are required if you are appointed by a court to handle an estate when someone dies.  To qualify as an executor for an estate, you must arrange for a bond guaranteeing that you will faithfully perform your duties in accordance with the law, a will, and the orders of the court.

     Below is a sample of the bond types available:

          Blanket
          Court 
          Fidelity 
          Fiduciary 
          License & Permit 
          Performance or Payment
          Public Official
 
 
 

 

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