About half of the bonds we sell can be issued for a flat premium without a credit check or any other underwriting to determine pricing. Due to the risk associated with certain bonds, however, some degree of underwriting will be required to determine pricing while considering the bond's obligation and applicant's claim likelihood.
When underwriting is required, the first - and oftentimes only - step is a simple review of the applicant's credit report. If the bond will be issued on behalf of a business, the underwriter will review the credit report for each legal owner of the entity.
If you have any other questions about our application or underwriting processes, call 1 (800) 308-4358 or email firstname.lastname@example.org, and one of our friendly representatives will be happy to help.