Surety Bonds
Recently, the Ministry for Road Transport & Highways (MoRTH) has asked insurance regulator IRDAI to develop a model product on Surety Bonds in consultation with general insurers.
About Surety Bonds
- A surety bond is a promise to be liable for the debt, default, or failure of another.
- It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).
|
IRDAI (Surety Insurance Contracts) Guidelines, 2022
|
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Operational Guidelines of 'Namo Drone Didi' Scheme
- 2 Pandemic Fund Project: Strengthening Animal Health Security
- 3 National Mission on Edible Oils – Oilseeds
- 4 21st Livestock Census Launched
- 5 ANNA DARPAN: Modernizing Supply Chain Management System
- 6 SEBI Proposes New Rules for Securitisation Activities
- 7 IAPH Recognises Mormugao Port as an Incentive Provider
- 8 Impact of DFCs on Indian Economy
- 9 Scheme Guidelines for ‘Innovative Projects’ under PM-Surya Ghar Yojana
- 10 India’s Hunt for Critical Minerals
