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New Mexico ES802 (C) Surety Bond Transmittal

Category:
New Mexico Statewide - Department of Labor
State:
New Mexico
Control #:
NM-SKU-1095
Format:
PDF
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Description

ES802 (C) Surety Bond Transmittal The New Mexico ES802 © Surety Bond Transmittal is a form required by the New Mexico Office of the Superintendent of Insurance for businesses and individuals to provide proof of financial security. The bond transmittal provides evidence of a surety bond, which is a contract between a surety (the guarantor) and an obliged (the entity requiring the bond). The bond guarantees that an individual or business will fulfill their financial obligations according to the terms of the agreement. There are two types of New Mexico ES802 © Surety BondTransmittals: the Standard Surety Bond Transmittal and the Limited Surety Bond Transmittal. The Standard Surety Bond Transmittal provides protection in the event of financial default, while the Limited Surety Bond Transmittal provides protection in the event of fraud or criminal activities. Both types of bond transmittal must be completed and submitted to the New Mexico Office of the Superintendent of Insurance for approval.

The New Mexico ES802 © Surety Bond Transmittal is a form required by the New Mexico Office of the Superintendent of Insurance for businesses and individuals to provide proof of financial security. The bond transmittal provides evidence of a surety bond, which is a contract between a surety (the guarantor) and an obliged (the entity requiring the bond). The bond guarantees that an individual or business will fulfill their financial obligations according to the terms of the agreement. There are two types of New Mexico ES802 © Surety BondTransmittals: the Standard Surety Bond Transmittal and the Limited Surety Bond Transmittal. The Standard Surety Bond Transmittal provides protection in the event of financial default, while the Limited Surety Bond Transmittal provides protection in the event of fraud or criminal activities. Both types of bond transmittal must be completed and submitted to the New Mexico Office of the Superintendent of Insurance for approval.

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New Mexico ES802 (C) Surety Bond Transmittal
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