Bonds / Surety

A contract of suretyship or surety bonds is a universally accepted form of instrument of guarantee whose purpose is to secure compliance and performance of an obligation or undertaking required by law or contract. It is an agreement whereby a party called the Surety, guarantees the performance by another party called the Principal, of an obligation or undertaking in favor of a third party called the Obligee. A contract of suretyship, therefore, is a tripartite agreement.

 

 

This product is being provided by BDO Insurance Brokers, Inc. (BDOI), a subsidiary of BDO Unibank, Inc. BDOI is a regulated entity supervised by the Insurance Commission, and provides insurance brokerage service to clients who wish to secure insurance products issued by a separate accredited insurance provider.

This product is not insured by the Philippine Deposit Insurance Corporation and is not guaranteed by BDO Unibank, Inc.

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