US: A party that guarantees the performance of another. The contract through which the guarantee is executed is called a surety bond.
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An arrangement whereby one party becomes answerable to a third party for the acts of a second party. Customarily an insurance company, the party in a suretyship arrangement who holds himself responsible to one person for the acts of another.
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Corporation or individual who guarantees the performance or faithfulness of another.
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MEDICAL, US: Individual who undertakes to fulfill the obligation of another.
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See: Bond.
Tag: US
Surplus Lines
US: (1) A risk or a part of a risk for which there is no normal insurance market available. (2) Insurance written by non-admitted insurance companies.
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A risk that cannot be insured by the agents in its jurisdiction.
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See: Excess & surplus lines market.
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MEDICAL, US: Special property liability insurance coverage by an insurer not licensed to transact business in the state where the risk is located. Also referred to as excess-surplus lines .
Surplus lines insurers list
A list of all eligible surplus lines insurers that is maintained by the Texas Department of Insurance (TDI) indicating all unlicensed insurers that meet the requirements of TIC 981, Subchapter B, and 28 TAC Secs. 15.8and 15.9.
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A list of all eligible surplus lines insurers that is maintained by the Texas Department of Insurance (TDI) indicating all unlicensed insurers that meet the requirements of TIC 981, Subchapter B, and <a href="https//texreg.sos.state.tx.us/public/readtac$ext.TacPage?sl=R&app=9&p_dir=&p_rloc=&