Find answers to the most frequently asked questions about lol竞猜(中国)联赛赛事官网 Bonding and our services.

Signing documents at a business meeting

 Please read the following information in conjunction with the disclaimer at the end of this page.

What is the procedure I need to follow for a bond application process?

  • Apply for a bond through our application portal, Bond@
  • Fill in the application form
  • Fill in the template of the requested bond text
  • Provide details about underlying obligations
  • Application is assessed
  • Bond is approved by the customer

What information do I need to provide when applying for a bond?

The information to be provided depends on the type of request.

However, as a guide, we generally ask for:

  • Financial statements (at least the last three financial years)
  • Stakeholders’ information
  • Business strategy (plan) for next few years
  • Information on the underlying obligation (e.g. project contract, law requirement)

How is my application assessed?

When assessing your application, we look at:

  • Your underlying obligation that originates the bonding need
  • Your capability of fulfilling your obligations towards the beneficiary
  • Your organisation’s information, including financials, detailed credit history and management experience of your leadership team

After the evaluation has been done, we will send you an offer, which sets out all terms and conditions required in connection with the underlying risk.

Is collateral required?

A collateral is an asset or more general commitment that has been offered as a counter guarantee for a policy or bond.

Collateral might be needed in some countries and cases. Collateral is usually requested in order to strengthen the credit worthiness of a prospect/customer and enable a positive final evaluation of a bond request.

Can lol竞猜(中国)联赛赛事官网 issue financial guarantees?

No, we are not allowed to issue financial guarantees. In fact as financial guarantees are issued to cover purely financial obligations and are granted by a bank or financial institution, these are products that fall outside the scope of insurance.

What is the appetite for lol竞猜(中国)联赛赛事官网 bonds on the market?

Our bonds are widely accepted by governments as well as large publicly traded companies and private enterprises.

Where can I request an lol竞猜(中国)联赛赛事官网 bond?

lol竞猜(中国)联赛赛事官网 Bonding is active and can issue bonds directly in 12 European countries: Belgium, Denmark, France, Finland, Germany, Italy, the Netherlands, Norway, Luxembourg, Portugal, Spain and Sweden. Bonding requests related to other countries are evaluated on a case by case basis. Our Bonding teams assess these according to relevant local legislation on insurance licensing as well as other factors, such as the nature of the underlying obligations, terms and conditions, etc.

How quickly can a bond be issued?

Time varies and depends on the amount, complexity and nature of the case. Nevertheless, in most cases, we can issue a bond within 24 hours.

What is the duration of a bond?

Bond duration varies depending on the type of bond.

When can a bond be terminated?

A bond is terminated when it reaches its specific expiration date or when the beneficiary provides a “release letter”. This is a declaration that the underlying obligations have been fulfilled and no longer need to be insured.

Can a bond be cancelled?

No, we cannot cancel a bond. However, specific conditions may apply.

How much will my bond cost?

We evaluate each case individually as the premium varies according to the type and duration of the bond, the customer’s financial information and the market practice.

What happens if a claim is filed against my bond?

First, the customer is informed that a claim has been filed to give him the opportunity to reach out to the beneficiary to resolve the case. If this is unsuccessful, we assess the claimfor its validity and, if approved, we pay the amount due to the beneficiary in accordance with the value determined within the bond. If we consider the request baseless or partially grounded (such as the unfair calling of a bond), we can take legal action to protect both your business and ourselves.

All content on this page is subject to our Disclaimer, available  here .

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