The United States Department of the Treasury printed modifications to the 2009 edition of Circular 570. The Department of the Treasury canceled the certificates of authority as a satisfactory surety on Federal bonds for various companies including Excelsior Insurance Company, Peerless Indemnity Insurance Company, Consolidated Insurance Company, Indiana Insurance Company, The Netherlands Insurance Company and The Midwestern Indemnity Company. The cancellations were effectual on October 8th, 2009. The surety bonds that have already been issued and in effect from these companies will be able to expire and continuous surety bonds will not be renewed.
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U.S. Treasury Dept. Takes Surety Bond Companies Off Acceptable Carrier List
January 7, 2010 by Eric WeisbrotDiscuss: Comments (0)
Category: Commercial Bonds, Contract Bonds, Performance Bonds, Surety News
Tags: Circular 570, Consolidated Insurance Company, Excelsior Insurance Company, Indiana Insurance Company, Peerless Indemnity Insurance Company, Surety Bond Companies, The Midwestern Indemnity Company, The Netherlands Insurance Company, Treasury Department
