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| Judicial Bond | Non-Judicial Bond | Claims Requirements |
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A bond is an agreement among three parties whereby a surety (Surety Company) guarantees the performance by an individual (called the Principal) of an obligation or undertaking in favor of a third party (called the Obligee). The Surety Company undertakes to indemnify the obligee for whatever loss he might suffer if the Principal fails to comply with his obligations.
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Standard Insurance Co., Inc. accepts Bond applications from the following:
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Individuals |
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Single Proprietors |
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Partnershipis |
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Corporations |
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Cooperatives |
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Non-Government Organizations (NGOs) - whose track records show profitable operations for the last three (3) years. |
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