What is important for the qualifying process for surety bonds?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question
100%

What is important for the qualifying process for surety bonds?

Expert Solution
Step 1

The three predominant methods to qualify a surety organisation

The following sources make it smooth to make sure that the surety organisation you can do enterprise with is reliable and certified to do enterprise for your state:

  1. Federal treasure unit(T-Listing): It’s an awesome concept to apply this federal website, which shows the scale restrict of a unmarried process the surety is certified via way of means of the federal authorities to bond. The web website online additionally shows the states wherein the organisation is certified to put in writing bonds.
  2. AM This coverage enterprise score carrier affords statistics on economic electricity and coverage rankings for involved events. You’re required to join this carrier with the intention to get right of entry to the statistics, aleven though typically surety agencies will offer their sellers with copies in their maximum latest rankings from AM Best Company.

 

 

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Financing
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.