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Why do I need a power of attorney form with a surety bond?

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A power of attorney appoints a Bond Agent to act for and on behalf of the surety company. This allows the bond agent to write and issue bonds through a company in which they don't directly work for. read more

Generally, you need a Power of Attorney to accompany the bond so the obligee and potentially any court that may get involved at a later date has assurances the bond is a viable financial instrument issued with the full understanding and authority of the surety. read more

Surety Bonds 31 C.F.R. § 224.6 - Sample Power of Attorney A surety appointing an individual as its process agent, pursuant to 31 U.S.C. § 9306 and 31 C.F.R. Part 224, may use the following language to meet applicable power of attorney requirements. read more

The power of attorney assures TTB that the person who signed the bond on behalf of the surety has the legal authority to obligate the surety. (b) Form of power of attorney and endorsement. A power of attorney will be prepared on the surety's own form, and must be executed under the surety's corporate seal. read more

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