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A '''Bond Rider''' (Consent of [[Surety]]) extends [[Surety bond|bond]] coverage to assume [[liability (financial accounting)|liabilities]] for third parties conducting operations for a principal. |
A '''Bond Rider''' (Consent of [[Surety]]) extends [[Surety bond|bond]] coverage to assume [[liability (financial accounting)|liabilities]] for third parties conducting operations for a principal. |
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Revision as of 09:01, 31 May 2020
 | This article may be confusing or unclear to readers. (March 2012) |
A Bond Rider (Consent of Surety) extends bond coverage to assume liabilities for third parties conducting operations for a principal.
Bond Riders are utilized by the Government. For Ex:(Surety Consent Forms[permanent dead link])
Another Bond Rider Form Example displays a form utilized for surety protection as explained herein.
Bond Rider(s) may be utilized for outlining specific type protection (i.e., faithful performance, forgery, misplacement, bail, etc.)
The General Deposit Insurance Corporation (GDIC), just as the Federal Deposit Insurance Corporation (FDIC) and/or other Surety Bond providers provide Surety Bonds on Standard forms assigned numbers (i.e. 23, 576, 577, 578, 581, 562, CU-1, CU+1A, and other bond form numbers)
Additional Bond Rider Examples
Revised Reconciliation Bond Rider