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These are
bonds which are not classified within the other sections of
bonds . Some of these bonds are required
by law and are conditioned by statue,
ordinance or regulation. Others may be required
by public or private obligees with their own conditions set out
by those obligees. Most of these involve payment
of money and many are forfeiture type
obligations.
These include
Lost Securities bonds, ARC bonds, Depository
bonds, Lease bonds, Concessionaires bonds or Bonds
of Indemnity. Since these are the most hazardous of all bonds,
these are underwritten thoroughly and require a full understanding
of the obligation required.
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