IBAbond One Step Surety Bonds How easy is it to

							              IBAbond: One-Step Surety Bonds
How easy is it to issue a misc. surety bond through IBA West and
Networked Insurance Agents? Simply answer the following five questions
and you are well on your way.

                                 SURETY BOND

•   How long has the applicant been in business under the current name
    ownership?

•   Has the applicant been in business at least three years in same location?
    Does the bond guarantee payment of taxes and/or fees? (If yes – obtain
    financial statement)

•   Has the applicant ever files for bankruptcy?

•   Does the applicant have (or pending) any suits or judgements?

•   Does the bond guarantee any type of environmental/pollution exposure?

How about fidelity bonds? Handled much the same way, only answering
the following seven questions.

                                 FIDELITY BOND

•   Are at least two signatures required on checks?

•   Do employees who reconcile monthly bank statements also sign checks?

•   Is an independent Certified Public Accountant involved in the applicants
    financial reporting?

•   Has any similar insurance been declined or canceled during the past three
    years?

•   Have there been any losses discovered or sustained in the last six years the
    sum of which exceed the proposed deductible?

•   Do employees who reconcile monthly bank statements handle bank deposits?

•   Do employees who reconcile monthly bank statements have access to check
    signing machines or signature plates?
                             COMMERCIAL SURETY BONDS


       Here is a very common question: "What bonds do you write?"

Without getting into specific underwriting requirements, listed below are bonds that we
do write, may write as exceptions, or will not write.

    WE DO WRITE THE FOLLOWING TYPES OF COMMERCIAL SURETY BONDS:


      LICENSE & PERMIT BONDS/MISCELLANEOUS INDEMNITY BONDS

            Auctioneer                     Fuel Tax                    Sales Tax
        Business License                Liquor License              Produce Dealer
       Contractors License            Insurance Brokers              Union Welfare
        Detective License            Motor Vehicle Dealer             Tax Preparer
       Employment Agency                Highway Permit              Utility Guaranty
      Escrow Agent License               Pest Control               Engine Verifier
          Lost Security              Lost Trust Deed Note      Blue Sky/Securities Dealer
            Milk Dealer                Mortgage Broker               Artist Manager
          Pawn Broker                     Dry Cleaner            Defective Vehicle Title
        Patient Trust Fund              Nursing Home                 Auto Wrecker


                    COURT - PROBATE AND JUDICIAL BONDS

            Executor                     Attachment                      Appeal
          Administrator                Claim & Delivery                Injunction
          Conservators               Write of Possession                Replevin
            Guardian                   CA Stop Notice                    Costs
            Receiver                 Bankruptcy Trustees                Removal


        PUBLIC OFFICIAL                                            FEDERAL BONDS

             Notary                                           Post Office Contract Station
           Treasurer                                                 ATF - Winery
           City Clerk                                               ATF - Brewery
     Other Official Positions


 WE WILL WRITE THE FOLLOWING BONDS FOR SUBSTANTIALLY STRONG ACCOUNTS

             Livestock                 Grain Warehouse               Self Insurers
            ICC Broker                   Telemarketing               Trade School
                ARC                     Lease Guaranty


        WE PRESENTLY DO NOT WRITE THE FOLLOWING TYPES OF BONDS

 Reclamation                                                 Pollution/Toxic Waste
 Oil/Gas Well Drilling/Closure                               Mortgage Guaranty
 Insurance Company Qualifying                                Insurance Administrator
 Living Trust                                                Indefinite Term Trust