Programs
First Surety Corporation is an innovator in the surety industry providing commercial surety capacity.
We are active in developing specialized surety programs where no surety capacity exists or for underserved
markets. Our specialized tailored surety programs for the energy industry provide surety capacity at an
economically rational rate.
The Partially Collateralized Program
Partially-collateralized surety programs provide needed surety supported by collateral that is adjusted in
relation to operational, physical and financial underwriting results and our continuous monitoring activity.
These programs support the surety needs of policyholders/principals with the best solution and cost as
underwriting facts change with project, principal and industry status over time.
The 100% Program
This program permits existing collateral arrangements for financial assurance (CDs, irrevocable letters of
credit backed by CDs, money market funds, compensating cash balances, or other low yielding securities) to be
converted to a professionally managed portfolio with the potential of an enhanced return for the surety bond
principal. As a result the overall cost of financial assurance programs is decreased. In addition, over time,
principals through improvement in underwriting factors can qualify for a partial collateralized program.
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