Title 13, Part 115 — Surety Bond Guarantee

Overview of regulations.

Savings clause.

Severability.

Definitions.

Applying to participate in the Surety Bond Guarantee Program.

General program policies and provisions.

Eligibility of Principal.

Loss of Principal's eligibility for future assistance and reinstatement of Principal.

Underwriting and servicing standards.

Determination of Surety's Loss.

Minimization of Surety's Loss.

Refusal to issue further guarantees; suspension and termination of PSB status.

Denial of liability.

Insolvency of Surety.

Audits and investigations.

Quarterly Contract Completion Report.

Submission of Surety's guarantee application.

Guarantee percentage.

Fees and Premiums.

Surety bonding line.

Minimization of Surety's Loss.

Claims for reimbursement of Losses.

Indemnity settlements.

Selection and admission of PSB Sureties.

[Reserved]

Prohibition on participation in Prior Approval program.

Allotment of guarantee authority.

Timeliness requirement.

General PSB procedures.

Fees.

Changes in Contract or bond amount.

Guarantee percentage.

Imminent Breach.

Claims for reimbursement of Losses.

Denial of liability.