Principal

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October 4, 2023 4 min read Definitions

Understanding the Role of Principal in Surety Bonds

Insurance Financial Services Insurance Surety Bond Principal Surety Financial Assurance

Explore the role and responsibilities of the Principal in surety bonds, including how the Principal is guaranteed by the surety company.

October 3, 2023 4 min read Definitions

Understanding the Role of an Obligor (Surety) in Insurance

Insurance Legal Studies Financial Services Insurance Suretyship Obligor Principal Obligations Legal Terms

Learn about the obligor (also known as the surety or principal) in the context of insurance and legal obligations. Understand their responsibilities and significance.