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The Allstate Corporation bought Surety Life Insurance in 1981.

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14y ago
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BunnyHeins@msn.com

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2y ago
How to contact Allstate about Surety life insurance policy?

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Q: Who bought Surety Life Insurance?
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How Surety can be compared to insurance policy?

Both insurance and surety provide protection against financial loss. Insurance anticipates losses and charges a premium with that in mind where surety companies expect no loss and the premium charged is a 'service fee'. Surety bonds involve three-parties the surety company, principal and obligee. Insurance involves two-parties the insurance company and the insured. With insurance the risk is transferred to the insurance company where as with surety the risk remains with the principal. The surety is providing a guarantee against loss by agreeing to be responsible for the obligation of the principal.


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A surety agent is a licensed insurance agent that has experience and represents surety companies. The surety agent is able to solict and place surety bond requests.


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You need to have an insurance license to transact surety. Then, you would need to establish experience in the field of surety either by working for a surety company or surety agency.


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What is the role of the surety in a surety insurance contract?

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