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Malik and the others trying to save the other Osiris clones be like:
All I can think about is Malik running after Margaret and Penelope while one of the Osiris parents and/or Surety watches in pure disbelief.
#masterminds gordon korman#eli frieden#posidon#malik bruder#amber laska#hector amani#surety#osiris#funny#instagram#tori prizel#Project Osiris#Malik got Dat speed
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Your Bondsman's reaction when you don't show up for court.
#bail#bail bonds#bailbonds#polk county#premiumbailbonds#surety#loki laufeyson#loki series#loki odinson#loki
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Surety Bond Underwriting: An Overview
Surety bond underwriting is a pre-approval evaluation – performed by the surety – of the bond performance requirements as determined by the obligee. This evaluation also assesses the current financial situation of the principal in order to weigh up the risk related to the performance criteria and the principal's ability to reimburse the surety in the event of a claim occurring.
What Are the Stages of the Surety Underwriting Process?
The process starts with the principal applying for a surety bond through a surety bond broker or surety company. Upon application, the principal provides information to the surety regarding their business and financial history. Once this is received the surety performs a more detailed evaluation of the information provided. The surety then provides the principal with a quote for a surety bond premium, based on the risk level determined by the underwriters.
The principal has three options at this point. They can accept the quote and buy the surety bond, shop around for another quote or work with the surety to find ways of making their premium more affordable
What Are the Three Cs of the Surety Underwriting Process?
The three Cs of surety underwriting are capital, capacity and character. Capital relates to the applicant’s capital position and the assessment of the financial health of the company or individual applying for surety credit. Many bonds require an underwriter to perform a financial analysis to assess net worth, capital and the company’s trajectory. The applicant’s capacity to undertake and perform the contract is a vital part of the underwriting process, too. To this end, underwriters collect questionnaires, check previous work references, review the applicant’s business operations, get to know their processes and meet with the applicant themselves.
Finally, character. While this element can be very difficult to underwrite, there are tools that can be deployed, such as credit checks, to get a better idea of whether the potential principal is likely – or otherwise - to honour the obligations set out in a bonded contract.
Underwriting a Riskier Surety Bond
Experts in the fields of surety, such as Rob Tolley, former London broker, know that there are various ways an underwriter can approve even a riskier bond by minimising the risk to the surety. For example, additional capital may be required to approve it; this could range from a small percentage of the bond amount up to 100%. This collateral minimises the surety’s risk, as if a bond claim occurs that cannot be indemnified the surety has something to cover – or at least reduce – their loss.
#rob tolley#rob tolley london#insurance#surety#surety bonds#insurance broker#underwriting#surety underwriting#risk level
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Indemnity Bond
Indemnity Bonds: Navigating Legal Protection in Business Transactions
In the intricate world of contractual and financial law, the concept of an “Indemnity Bond” plays a pivotal role in safeguarding the interests of individuals and entities involved in various transactions. This legal instrument, essentially a promise by one party to compensate another for any loss or damage, has become a…
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#Business Protection#Commercial Bonds#Contractual Obligations#Financial Security#Indemnity Bond#Legal Agreements#Risk Management#Surety#Vimeo
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The Eleventh Day of Surety in Confusion
Surety in Confusion Maria L. Berg 2023
For this morning’s photographic adventure, I stayed in to capture confusion in surety and surety in confusion. Confusion makes me think of spirals, and surety makes me think of straight lines and arrows. I made two new filters that I enjoyed this morning: one a pinhole spiral and the other a spiral made of straight line arrows.
Confusion in Surety by Maria…
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#abstract photography#art#confusion#contradictory abstract nouns#Contradictory Abstractions#light-forming photography#NaNoWriMo#NaNoWriMo 2023#new poem#November PAD Chapbook Challenge#November Photography Challenge#surety
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👉🏻 Instant Download Deed of Bond by Debtor and Surety for Existing Liability
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MCS-90 Endorsement Not Insurance
MCS-90 Is a Surety Agreement Different from the Insurance Policy
Barry Zalma
Read the full article at https://lnkd.in/gJqGiXax and see the full video at https://lnkd.in/g8CNebvm and at https://lnkd.in/gvuY9hG6 and at https://zalma.com/blog plus more than 4450 posts.
An insurer and tort claimants dispute the insurer's maximum theoretical liability under a surety agreement. In Wesco Insurance Company v. Edward Eugene Rich, as wrongful death beneficiary of LaDonna C. Rich, Deceased; Edward Shayne Rich, as wrongful death beneficiary of LaDonna C. Rich, Deceased, No. 22-60283, United States Court of Appeals, Fifth Circuit (January 12, 2023) resolved the dispute over the limits created by the federally required MCS-90 endorsement.
The MCS-90 is surety endorsement that Wesco Insurance Company included with a liability-insurance policy that it issued to Sam Freight Solutions, LLC. The insurance policy provides up to $1,000,000 in insurance coverage for a specific "covered auto," a 2012 Volvo Tractor (and certain trailers attached thereto). The MCS-90 surety endorsement, on the other hand, is a policy endorsement by which Wesco, by the endorsement's terms, assumed up to "$750,000" in liability for "any final judgment recovered against Sam Freight for public liability resulting from negligence in the operation" of any vehicle.
The MCS-90 Endorsement is Not Insurance.
Instead, it "creates a suretyship, which obligates an insurer to pay certain judgments against the insured . . ., even though the insurance contract would have otherwise excluded coverage."
FACTS
On July 29, 2018, LaDonna Rich died in an automobile collision involving a 2010 Freightliner. The Defendants are her beneficiaries, and they filed a wrongful-death suit against Sam Freight in Mississippi state court. The insurance policy (as distinct from the MCS-90 surety endorsement) that Sam Freight purchased from Wesco does not name the 2010 Freightliner as a covered auto. Therefore, the Wesco policy does not independently offer coverage for the collision.
The issue before the Fifth Circuit was the amount of coverage that the MCS-90 endorsement would provide in the event of a judgment against Sam Freight. The Beneficiaries argued that the MCS-90 endorsement would provide up to $1,000,000 in coverage, while Wesco argued that $750,000 would be the maximum available amount.
The district court granted summary judgment for Wesco, declaring that the MCS-90 endorsement unambiguously provides that Wesco shall not be liable for amounts in excess of $750,000. While this appeal was pending, the parties reached a settlement agreement under which Wesco agreed that it "will pay" whichever of the two amounts the Fifth Circuit determined the surety agreement to require.
Since the MCS-90 is a "federally mandated" endorsement the operation and effect of a federally mandated endorsement is a matter of federal law.
As a result the Fifth Circuit’s analysis focused on the plain language of the endorsement. To the extent that Mississippi substantive law governs any residual questions, such as those regarding only the policy, construction of an insurance policy is a question of law, which we the Fifth Circuit was required to review.
The insurance policy offers coverage of up to $1,000,000 per accident, but only for "covered autos." The parties agreed that the 2010 Freightliner was not a "covered auto" under the insurance policy's definition of that term.
The MCS-90 endorsement makes Wesco "liable," as a surety, for up to "$750,000 for each accident." The endorsement applies "regardless of whether or not each motor vehicle is specifically described in the policy."
The MCS-90 attached to the Wesco policy consists of a fill-in-the-blank form that provides spaces for the parties to identify, among other things: the insurer's name, the insured for whom the insurer is acting as surety, and the policy number that the endorsement supplements. In this case, the following amount appears in the blank space on the MCS-90: "[T]he company shall not be liable for amounts in excess of $750,000 for each accident." As a result, Wesco agreed to provide $1 million in insurance coverage for Sam Freight's covered autos, but only $750,000 in public liability coverage for all other vehicles.
The defendants argued that number that appears in the blank space ($750,000) is a "change" of the policy. But, it is a change, only if the Beneficiaries are otherwise correct that the MCS-90 and the insurance policy must have identical coverage limits.
The MCS-90, for instance, contains the following language:
"In consideration of the premium stated in the policy to which this endorsement is attached, the insurer (the company) agrees to pay, within the limits of liability described herein, any final judgment recovered against [Sam Freight] ...." [emphasis added]
The language quoted above sets up an unambiguous distinction between the policy and the endorsement. Likewise, the words "this endorsement" show that the liability limit described "herein" is the limit that appears in the endorsement, not the policy.
Neither the policy nor the endorsement required Wesco to provide suretyship liability in the exact same amount that it offers insurance coverage. The MCS-90's plain text limits Wesco's suretyship liability to $750,000.
The District Court’s decision was affirmed.
ZALMA OPINION
The MCS-90 endorsement is a creation of federal law. It is not insurance. It is an act of Congress to require an insurer to indemnify a person injured by a trucker insured who did not pay a premium for the insurance of a specific vehicle it was operating. Sam Freight identified a single vehicle when it acquired insurance from Wesco with limits of liability up to $1 million. The MCS-90 endorsement - compelled by federal law - limited the exposure of Wesco, acting as a surety not an insurer, up to $750,000. The language of the MCS-90 was clear and unambiguous and if the wrongful death beneficiaries received a judgment up to or more than $750,000 Wesco would be required to pay no more than $750,000 and any additional damages would be the responsibility of Sam Freight.
(c) 2023 Barry Zalma & ClaimSchool, Inc.
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Barry Zalma, Esq., CFE, now limits his practice to service as an insurance consultant specializing in insurance coverage, insurance claims handling, insurance bad faith and insurance fraud almost equally for insurers and policyholders. He practiced law in California for more than 44 years as an insurance coverage and claims handling lawyer and more than 54 years in the insurance business. He is available at http://www.zalma.com and [email protected]
Follow me on LinkedIn: www.linkedin.com/comm/mynetwork/discovery-see-all?usecase=PEOPLE_FOLLOWS&followMember=barry-zalma-esq-cfe-a6b5257
Write to Mr. Zalma at [email protected]; http://www.zalma.com; http://zalma.com/blog; daily articles are published at https://zalma.substack.com. Go to the podcast Zalma On Insurance at https://anchor.fm/barry-zalma; Follow Mr. Zalma on Twitter at https://twitter.com/bzalma; Go to Barry Zalma videos at Rumble.com at https://rumble.com/c/c-262921; Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; Go to the Insurance Claims Library – https://zalma.com/blog/insurance-claims-library.
Subscribe and receive videos limited to subscribers of Excellence in Claims Handling at locals.com https://lnkd.in/gfFKUaTf.
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Barry Zalma, Esq., CFE is available at http://www.zalma.com and [email protected]
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#INSURANCE#surety#MCS-90#statute#federal law#limit#endorsement#endorsement limit#not insurance#insurance claims#insurance books#amazon.com
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Welp. I made a book trailer for my fanfiction :)
Don't judge, my editing software died halfway :(
I had to take clips from anything that remotely reminded me of Masterminds, since THERE IS NOTHING FOR THIS FANDOM OTHER THAN THE CRIMINAL DESTINY TRAILER!
#masterminds gordon korman#eli friden#amber laska#hector amani#malik bruder#tori prizel#felix hammerstrom#surety#masterminds trilogy#trailer
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Bridging Justice and Support, One Bond at a Time
🔗 Welcome to Premium Bail Bonds Central FL Blog! 🔗
🏛️ Exploring the Bail Bonds Landscape of Polk County, Florida 🏛️
🔒 Your go-to source for all things related to bail bonds, bail insights, and justice in the heart of Central Florida. From Lakeland to Bartow and every city in between, we're here to keep you informed about the bail process.
🤝 Join our community as we dive into topics like understanding bail procedures, tips for dealing with bail bonds, and stories of successful resolutions. Whether you're a concerned citizen, a legal enthusiast, or seeking guidance, you're in the right place. Let's demystify the bail bond world together and strive to make Premium Bail Bonds the most reputable and recognized bail bond company in Central Florida.
Follow us for timely updates, informative articles, and engaging discussions. Don't let bail bond complexities overwhelm you – empower yourself with knowledge and be part of the conversation! 💬📚
#BailBondCentralFL #PolkCountyLegal #LakelandJustice #BartowRights #PremiumBailBonds
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ज़मानत, जमानत बांड प्रस्तुत करने में असमर्थ विचाराधीन कैदियों के लिए SC ने कदम उठाए | SC intervenes for inmates awaiting prosecution who are unable to provide surety or bail guarantees;
न्यायमूर्ति संजय किशन कौल की अगुवाई वाली खंडपीठ का आदेश
अन्य निर्देशों के बीच, अदालत का कहना है कि कैदियों को 'अस्थायी जमानत' दी जानी चाहिए ताकि वे बाहर जा सकें और जमानत बांड और ज़मानत की व्यवस्था कर सकें; NALSA की एक रिपोर्ट में पाया गया था कि ज़मानत मिलने के बावजूद जेलों में क़रीब 5,000 विचाराधीन क़ैदी हैं।
सुप्रीम कोर्ट ने यह सुनिश्चित करने के लिए कई निर्देश जारी किए हैं कि जिन विचाराधीन कैदियों को ज़मानत मिल गई है, लेकिन ज़मानत और ज़मानत बांड भरने के लिए बहुत गरीब हैं, उन्हें सात दिनों के भीतर रिहा कर दिया जाए।
अदालत ने अंडर ट्रायल कैदियों को "अस्थायी जमानत" देने का भी सुझाव दिया है ताकि वे बाहर जा सकें और जमानत बांड और ज़मानत की व्यवस्था कर सकें।
न्यायमूर्ति संजय किशन कौल की अगुवाई वाली खंडपीठ का आदेश जनवरी में राष्ट्रीय विधिक सेवा प्राधिकरण (एनएएलएसए) की एक रिपोर्ट के मद्देनजर आया था कि अदालतों द्वारा जमानत दिए जाने के बावजूद देश में लगभग 5,000 विचाराधीन कैदी जेल में थे।
वे या तो कई मामलों में अभियुक्त थे, या जमानत शर्तों का पालन करने के लिए बहुत गरीब थे।
एमिकस क्यूरी, अधिवक्ता गौरव अग्रवाल ने कहा कि इन 5,000 कैदियों में से 2,357 को कानूनी सहायता प्रदान की गई और 1,417 को रिहा कर दिया गया, लेकिन कैदियों की व्यक्तिगत स्वतंत्रता के अधिकार का मौलिक उल्लंघन जारी है।
डिजिटल परिवर्तन
श्री अग्रवाल ने कहा कि देश भर की 1,300 जेलों में इस्तेमाल होने वाले ई-जेल सॉफ्टवेयर में बदलाव करने के लिए गृह मंत्रालय, एनएएलएसए और राष्ट्रीय सूचना विज्ञान केंद्र (एनआईसी) के साथ बैठकें की जा चुकी हैं, ताकि इन कैदियों को डिजिटल रूप से एक जेलर के रूप में पहचाना जा सके। अलग श्रेणी जिसे "जमानत-आउट-लेकिन-रिलीज़ नहीं" कहा जाता है।
NALSA रिपोर्ट और श्री अग्रवाल के सुझावों में दिखाई गई तात्कालिकता से सहमत होकर, अदालत ने यह सुनिश्चित करने के लिए सात निर्देश जारी किए हैं कि कोई भी बेल-आउट विचाराधीन कैदी गरीबी के कारण जेल में न रहे।
एक के लिए, खंडपीठ ने निर्देश दिया कि अदालतों को उसी दिन या अगले दिन जेल अधिकारियों को जमानत आदेशों की सॉफ्ट कॉपी भेजनी चाहिए।
खंडपीठ ने कहा कि जेल अधीक्षक को ई-जेल सॉफ्टवेयर में जमानत की तारीख दर्ज करनी चाहिए।
अगर किसी अंडर ट्रायल कैदी को जमानत मिलने के सात दिनों के भीतर रिहा नहीं किया जाता है तो जेल अधिकारियों को संबंधित जिला कानूनी सेवा प्राधिकरण (डीएलएसए) को सूचित करना चाहिए।
डीएलएसए जेल का दौरा करने के लिए एक स्वयंसेवक या एक वकील की प्रतिनियुक्ति करेगा और "कैदी को उसकी रिहाई के लिए हर संभव तरीके से सहायता करेगा".......
#NALSA#indian news#politics#indian politics#world news#india#supreme court#Surety#bail bonds#National Legal Services Authority#indian judiciary
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“Charges Dismissed and Bail Bond Cancelled,” Kingston Whig-Standard. February 7, 1933. Page 9.
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BARRIE, Feb. 7 —Despite the rigorous appeal of J. C. McRuer, K.C., counsel for Martin J. Insull, that his client be discharged under the terms of the Extradition Act, Judge Dudley Holmes, senior Judge of Simcoe County, today dismissed the original charges of larceny and embezzlement standing against Insull and ordered the surety released and Insull's $50,000 bail bond delivered for cancellation.
However, Insull will face extradition proceedings on charges of larceny, embezzlement and theft by a bailee in Toronto on March 5.
#barrie#simcoe county#extradition hearing#extradition#larceny#embezzlement#surety#bail conditions#financier#capitalism in crisis#stealing from the company#great depression in canada#crime and punishment in canada#history of crime and punishment in canada
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The Role of Surety Bonds in the Construction Industry
A surety bond serves as a financial guarantee that the contractor will fulfil their contractual obligations, such completing the project on time, paying suppliers and subcontractors, and adhering to specifications. Surety bonds reassure project owners that they will be protected if a contractor fails to meet their obligations.
Surety bonds involve the obligee (project owner), principal (contractor) and the surety company.
The Functions of Surety Bonds
As well as the above protections, surety bonds can smooth the transition from construction to permanent financing by removing liens and reduce the risk of a contractor diverting project funds.
Insurance experts such as Rob Tolley know that surety bonds also provide an intermediary, in the form of the surety, to whom the project owner can air grievances and complaints. In some cases, they can even lower construction costs by facilitating the use of competitive bids.
How to Obtain a Surety Bond
To obtain a surety bond, the project owner must first assess the type of surety bond they need. There are different types of surety bonds, including contract bonds, court bonds, licence and permit bonds, and fidelity bonds. Next, surety bond providers should be researched to identify a reputable provider that specialises in issuing these types of bonds. Once this has been done, the project owner will need to prepare the documentation and information needed to apply for the bond – the exact requirements regarding this will vary depending on the type of surety bond being sought.
After submitting an application, the underwriting process will begin. During this stage the bond provider will assess the project owner’s creditworthiness, financial stability and any risks involved in issuing the security bond. If the application is approved, the bond will be issued and the obligee (project owner) will need to pay a premium, which is a percentage of the bond amount. Once payment is made, the surety bond provider will deliver the bond to either the obligee or appropriate party as necessary.
Is a Surety Bond a Type of Insurance?
Insurance experts like Rob Tolley, former London broker, understand that a surety bond is not, in fact, a type of insurance. Rather, it is an enforceable agreement between parties and functions similarly to a line of credit for the party applying for it. As such, the surety will require the project owner to sign an indemnity agreement through which they will be legally obliged to pay any amounts paid out by the surety on valid claims against the bond.
#Rob Tolley#Rob Tolley London#Surety#Surety Bonds#Construction#Construction Industry#Insurance#Insurance Broker
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Surety bond and insurance
surety bond and insurance Both bonds and insurance protect from losses. It's better to be bonded and insured than to be unprotected from financial loss.
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That It Be Fulfilled
In the New King James Version of the Bible, the phrase, "might be fulfilled" is used 18 times shared between the books of Matthew and John. What is the proper interpretation of these phrases, and how might the referenced Messianic prophecies bolster Jesus' words found in Matthew 5:17?
Presented by Kelly Irvin, November 19, 2022, at United Church of God in Northwest Arkansas.
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Avoid Surety
Avoid Surety
Proverbs 6:1-5
6 My son, if you become surety for your friend,
If you have shaken hands in pledge for a stranger,
2You are snared by the words of your mouth;
You are taken by the words of your mouth.
3So do this, my son, and deliver yourself;
For you have come into the hand of your friend:
Go and humble yourself;
Plead with your friend.
4Give no sleep to your eyes,
Nor slumber to your…
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