Thank you for this explanation. We're available in Houston Texas for anyone that has any questions on a free consultation for bail bonds or how to apply for a bail bond.
You go to your Secretary of State and request an oath of office for the public figure. All that information is on their oath of office documents that they signed.
@Coverage Awareness Studio so I I was to get a bond before a court date and a judge does not rule by the constitutional law, does that mean he has broken violated the agreement?
Sometimes they skip that step, if that happens ive heard (dont put much stick into it) you can also take legal actiin for not having the bond aling with whatever violation they committed
Hello! :) Surety bond and Insurance are not really the same. This is a common misconception, mainly because they both provide security. They differ in many ways and you may view a comparison of these two here: suretybondauthority.com/surety-bond-vs-insurance/
Hello! You could always talk to a surety bond expert regarding your bonding needs. Try contacting these folks and they may help you with your surety bond: suretybondauthority.com/contact-us/ I hope this response may still be useful to you :)
👨🏿💻 In the State of Florida, Can the surety, the business or person authorized to issue surety bonds by self insuring a surety bong to him/herself or him/her surety business in the State of Florida? (please reference the florida statutes when you respond).
I'm not entirely sure why the principal would agree to pay for a bond that means if anything happens and the terms of the bond are broken, they end up paying even more money. I get why the whole arrangement is beneficial to the obligee and the guarantor, but what benefit does the principal get out of this whole arrangement? I see no upside for the principal, just a cost of money no matter what happens.
Because there is no money! The bond is the unconditional order to credit the company if there is dishonor. They take the bond and securities it, also sends to the FRB and receive paper currency if needed. There is no money! Only promises
this is the 4th surety bond video i've watched and the first time the concept made sense. thank you for providing examples
absolutely clear demonstration of why a surety bond is required.
gao dept
You put so much effort in this video! Thank you for helping me in my studies!!!
Thank you for this explanation. We're available in Houston Texas for anyone that has any questions on a free consultation for bail bonds or how to apply for a bail bond.
Whereee
i think the best way to make sense of it is the bond is a form of bondage. It's like insurance but with more obligations
best explanation on surety bond!
How does one obtain the bond policy number from public servants who hide them from the public?
You go to your Secretary of State and request an oath of office for the public figure. All that information is on their oath of office documents that they signed.
@@SVGPRO I’m in canada
@@allrightsreserved3237 Registrar General of Canada is the equivalent. Remember its all common wealth countries where this applies.
This made so much sense! Thank you so much!
Do public officials have surety bonds in place,in the event that they act beyond their official capacity or in violation of civil liberties?
@Coverage Awareness Studio so I I was to get a bond before a court date and a judge does not rule by the constitutional law, does that mean he has broken violated the agreement?
Sometimes they skip that step, if that happens ive heard (dont put much stick into it) you can also take legal actiin for not having the bond aling with whatever violation they committed
good explanation, 1:16 says "prinicipal" instead of principal just so you know
Thank you! You're right, that should be "principal", thanks for pointing it out :)
I’m from CT, how do you find out which surety bond company a business is using so that you can file a claim?
A bit late to the party, but their surety bond issuer should/must (varies by state) have the surety's information on the contract.
Thanks for making this video!
So surety bond is like an insurance policy?
Hello! :) Surety bond and Insurance are not really the same. This is a common misconception, mainly because they both provide security. They differ in many ways and you may view a comparison of these two here: suretybondauthority.com/surety-bond-vs-insurance/
Does a Seperate Bond need to be purchased for each individual project ? Or wil 1 bond cover any ? Thank you
I need to get one on my motorcycle, is there a way to pay for the bond immediately without credit? I just need to get it out of the way
Hello! You could always talk to a surety bond expert regarding your bonding needs. Try contacting these folks and they may help you with your surety bond: suretybondauthority.com/contact-us/ I hope this response may still be useful to you :)
I don't know if this is the same thing, but how would I purchase land through a trust in a bonded corperation?
Do you have to pay them monthly or yearly or??
👨🏿💻 In the State of Florida, Can the surety, the business or person authorized to issue surety bonds by self insuring a surety bong to him/herself or him/her surety business in the State of Florida? (please reference the florida statutes when you respond).
Is this bond same for canadian freight brokers too?
Good explanation thank you🤗
Who would files the claim against the guardian in the second example?
omg finally I get it, thank you!!
You're welcome! Glad we could help :)
I'm not entirely sure why the principal would agree to pay for a bond that means if anything happens and the terms of the bond are broken, they end up paying even more money. I get why the whole arrangement is beneficial to the obligee and the guarantor, but what benefit does the principal get out of this whole arrangement? I see no upside for the principal, just a cost of money no matter what happens.
Right, but in order to do business in some states a surety bond is a requirement
its required by law
The Principal gets the contract.
typically the principal get paid interest from obligee
Because there is no money! The bond is the unconditional order to credit the company if there is dishonor. They take the bond and securities it, also sends to the FRB and receive paper currency if needed. There is no money! Only promises
can anyone give advice for surety bond against a mayor
Can family members became surety in admission to College ?
Why is it so hard to say it’s like “ insurance “
Right!!!
so in other words its a way to enforce integrity ...
Who collects the interest off these bonds ?
It was so helpful
God bless you
Thx
how is this profitable to the surety guy?
Surety bonds guys. Sabay tayo mag exam
WOW!
I GOT BLISTAS ON ME FINGASSSSSS!!!!!!!! :O!!!!!!!!!!!!!!!
Thanks lol