-
1). Re-evaluating Surety Bond Underwriting By : Michael Weisbrot
Traditional surety bond underwriting does not allow for any losses. In other words, applicants are only suppose to be approved for a bond if the underwriter believes there will be no claims. This differs from insurance underwriting, as a loss is expected and is built into the premium. Higher risk applicants are usually declined or asked to post 100% collateral with the bond.
Article Related to: underwrite, surety, bond, insurance, bonds, claims, collateral, approved, bonding, market, conservative, premium, contracts, commercial, traditional, underwriting, underwriter
|
|
|
|
|
