Home > Glossary

Co Surety

Co-Surety

Definition

One of a number of sureties that join forces to provide a bond that no single company is capable of, or interested in, writing alone. One type of co-surety is unlimited, in which each surety is jointly and severally liable for the full bond amount; a second type is limited, in which each surety is responsible for the payment of a stated limit of liability.

Related Products

Register for CRC
Free ICRM White Paper
The Wrap-Up Guide

Navigation

Social Media

User ID: Subscriber Status:Free