how to find an attorney to sign my surety bond?

One of the first things is making sure the person signing the surety bond or their agency is appointed with the bonding company. This can be verified by going on the Department of Insurance website, searching by name or license number. The search will provide a list of all the companies that person has power of attorney with.

Full Answer

Can a producer sign Bonds on behalf of a surety company?

tractor or subcontractor needs a bond, the first step is to contact a surety bond pro-ducer, also known as an agent or broker. The producer generally receives power of attorney, i.e. the producer can sign bonds on behalf of the surety company for proj-ects that fall within acceptable ranges established by the surety company. The attorney-in-fact is the holder of the power of attorney.

How do I verify a surety bond?

Jun 03, 2021 · You don’t just get a general answer – you get one that directly relates to the surety bond you need. Once you find a surety agency to partner with, rely on them to help you complete the power of attorney portion of the bond application. You will need to fill out a form with basic information about your name and date. That’s not the hard part.

What should a principal look for when buying a surety bond?

While the process that you go through to get the bond will be the same, there are some ways in which the attorney bond will differ from your standard surety bond. The first difference is that the attorney who holds your bond will have to be the one that will represent you in court. Your lawyer will need to file paperwork with the court which states that they are going to be acting as your …

How do I get a lawyer to hold my bond?

1. Bond and Power of Attorney proffered using the event: Surety Bond Documents Proffered –> Other Documents menu. 2. Clerk reviews documents to verify all requirements have been met. Requirements for Bond Approval The following three items must be verified and met before the bond can be approved: C Valid Power of Attorney for Surety Producer filed with court. See …

Why do surety bonds require a power of attorney?

Before we answer this specific question, it’s important to understand how the surety bond process works. When you need to obtain a surety bond – to get a professional license, finalize a contract, meet the mandates of the court, or for some other reason – you will likely work with a surety agency or broker (one like Viking Bond Service).

How to complete power of attorney surety bond requirements

If you’re still unclear about how a surety bond power of attorney works, don’t worry – It’s a confusing concept that gets deep into the details of surety bond agreements. Most people don’t try to make sense of surety bond agreements on their own.

Viking Bond Service – A Surety Agency for All

In the intro to this blog, we talked about our philosophy here at Viking Bond Service: a philosophy based on service, excellence and affordability. At all times and for each person we work with, our whole team endeavors to make the bonding process clear to understand and simple to complete.

Attorney Bonds Versus Bail Bonds

If you have been arrested for any type of crime, you could have the option of being released from jail on a bail bond. There are a lot of different types of bail bonds that you can use, but the one that usually comes to mind is a surety bond. This is where a third-party, generally a bondsman, will pay your bail and holds your bond.

What Is An Attorney Bond?

An attorney bond is like a surety bond where you will be released from jail before your trial. With this type of bond, you will pay your attorney a standard non-refundable fee which is usually 10% of your bond amount. This will be used by the attorney to secure your bail bond.

How An Attorney Bond Differs

While the process that you go through to get the bond will be the same, there are some ways in which the attorney bond will differ from your standard surety bond. The first difference is that the attorney who holds your bond will have to be the one that will represent you in court.

What is surety bond?

A surety bond is more than just a requirement when applying for a license, or a contract that will ensure the compliance of a person to the relevant statutes, or a business protection tool. It is a legally binding contract guaranteeing a strong financial source that will protect the Obligee (to whom the surety bond is furnished) ...

What should a principal do when purchasing a bond?

The first thing that a Principal (the person purchasing the bond) should do is to check whether the surety bond provider is the real deal. A surety bond provider can either be a corporate surety or an individual surety. In some cases, a surety bond will be issued by an agent.

What are the requirements for a bond?

The bond requires public officers and secondary obligors to pay a fixed amount if they do not faithfully perform their duties in the office. Like all surety bonds, this bond consists of a three-party agreement: 1 Principal – Public official 2 Obligee – Government or public being served by the official 3 Surety – Bonding company that underwrites the bond and is the secondary obligor

What is principal obligor?

Principal – Public official. Obligee – Government or public being served by the official. Surety – Bonding company that underwrites the bond and is the secondary obligor. This bond is one of the oldest forms of written guarantee that requires persons to obtain to qualify for office. In 1792, Congress passed an act that the Office ...

What is a bond?

The bond protects: Any government entity and provides coverage to the public. The bond, in nature, is an Indemnity Bond rather than a Forfeiture Bond. It is a contract designed to protect the city or the entire citizenship served by the public official. The bond indemnifies those parties that have suffered losses as a result ...

What is a bond in a lawsuit?

The bond indemnifies those parties that have suffered losses as a result of the official’s misconduct. In some cases, state statutes will allow a member of the public to file a suit against the bond, if that individual has suffered financial damages caused by a public official’s misconduct.

What is fidelity bond?

A Fidelity Bond intends to ensure honesty, where a party agrees to indemnify another party against a loss resulting from dishonest actions or misconduct by a person holding a position of trust. Simply put, a Fidelity Bond, while also covers the faithful performance of duties of an official, seeks to indemnify financial losses due to neglect ...

What is a bond in public?

The bond protects against: Conduct or omissions made by public officials that constitute a breach of his or her duties of the office. The bond serves as a guarantee against fraud or dishonesty and covers losses arising from neglect or other serious offenses.

What is the purpose of discovery?

Discovery means the discovery of fraud or other violations made by public officials that impede their capability to perform their supposed duties. Public entities are also obligated to take action to discover and thwart the continuation of dishonesty or misconduct by the bonded public officials or employees.