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Couldn't you buy insurance that covers the bond? Typically this is much less than a bonds face value.
by dgallagher 15y ago
Couldn't you buy insurance that covers the bond? Typically this is much less than a bonds face value.
- tptacek 15y agoYou can get a surety bond [see 1817(c) of this law], which functions somewhat like insurance --- you pay percentage point premiums to keep the amount on file. This seems to be how most people handle licensing bonds.