What is a blank bond form and where do I get one?

What is a blank bond form and where do I get one?

It is a blank copy of the bond that you are required to post.  It states exactly what the bond is guaranteeing. Your bond agency will use it to create the original bond by completing the blanks on the form, signing on behalf of the surety, and attaching a power of attorney.   You need to obtain a blank copy of the bond form from the obligee.

What is the turnaround time?

Approval time varies depending on the type of bond and the program the applicant falls under. Some are approved immediately while others can take up to 1-4 business days. Bond issuance is typically 1-2 business days upon receipt of items required by surety for issuance of the bond.

Why does my spouse have to sign the indemnity agreement?

Bonding companies have several reasons why they would like your spouse to personally guarantee the bond. Keep in mind, a bond is a guarantee of something. The bonding company does the best they can to underwrite your policy, but have no way to gauge your character. A good way to do this is to have your spouse personally guarantee it, as they know you best. Spouses are also required to sign, as married couples have joint assets, which may have to be sought after in the event of a claim.