BONDING INSURANCE – MISC.
There are many commercial surety bonds that fall under this category. The bonds that would normally fall under this category are those bonds that are not part of a law/act or licensing requirements. The most common bonds are:
| A.T.A Carnet Bond | Grain Bond |
| Administration Bond | Guardian Bond |
| Administrator De Bonis | Health Studio Bond |
| Administrator Pendente Lite | Highway Traffic Act Bond |
| Administrator With Will Annexed Bond | Lease Agreement Bond |
| Agricultural Products Bond | Livestock Dealers & Products Bond |
| Air Charter Bond | Load Broker Bond |
| Appeal Bond | Lost Instrument Bonds |
| Appeal Customs Bond | Lottery Bond |
| Auctioneer Bond | Market Intermediaries In Damage Insurance Bond |
| Automobile Vehicle Registration Bond | Milk Board Bond |
| Bailiffs Bond | Missing Heir Bond |
| Bonded Air Carrier | Mortgage Brokers Bond |
| Bonded Freight Forwarder | Nonresident G.S.T. Bond |
| Bonded Highway Carrier | Payment Guarantee Bond |
| Carnet Bond | Plumber's Bond |
| Charitable Promotion Bond | Pre-Arrangement Funeral Service Act Bond |
| Collection Agency Bond | Private Investigator & Security |
| Committee Bond | Private Vocational School Bond |
| Consumer Protection Act Bond | Probate Bonds |
| Court Bonds | Real Estate Broker Bonds |
| Customs Bonded Warehouse | Release Of Goods Bond |
| Customs Brokers Licence Bond | Replevin Bond |
| Customs Sufferance Warehouse Bond | Road Cut Permit Bond |
| Denatured Alcohol Bond | Roofing Contractors Bond |
| Direct Sellers Bond | Sand Pit Bond |
| Driver Training School Bond | Securities Act Surety Bond |
| Duty-Free Shop Bond | Sewertappers Bond |
| Electricity Bill Payment Bond | Single Trip Customs Bonds |
| Employment Agency Bond | Solid Waste Management Bond |
| Excise Tax Act Bonds | Sub-Division Bond |
| Foreign Executor Bond | Temporary Importation Of Articles Bond |
| Farm Machinery Bond | Tobacco Sales Tax Bond |
| Fuel Tax Bond | Transponder Bond |
| Guardian Bond | Travel Agents Bond |
| Gas Contractor's Bond | Trustee In Bankruptcy Bond |
| General Excise Carrier Bond | Used Car Dealer Bond |
| Goods & Services Tax Bond | Waiver Of Probate Bond |
GUARDIAN BONDS
A Guardian Bond is required in the case where an individual is deemed incapable but has not signed a continuing Power of Attorney to appoint someone to look after his/her financial affairs.
The purpose of the bond is to protect the incapable person and the estate creditors and heirs.
MISSING HEIR BONDS
When a person dies and there are no known heirs, the property of the deceased becomes the property of the Public Trustee.
The Public Trustee will perform an in-depth investigation to locate heirs.
Once the Public Trustee locates one or all the known heirs, before releasing the funds to the heirs, the Public Trustee will request a Missing Heir Bond.
The Purpose of the bond is to Protect the Public Guardian, in the event a lawful heir comes forth to make a claim against the estate.
WAIVER OF PROBATE BONDS
In lieu of getting a will probated, which is expensive and costly, financial institutions, transfer agents, etc. may ask the executor of the estate to post a Waiver of Probate Bond.
The Waiver of Probate Bond enables the financial institution to re-issue bonds; stocks, etc. to the name of the estate executor so that the estate can be liquidated and distributed amongst the estate heirs.
The bond is there to protect the financial institution/transfer agent in the event that a legitimate claimant comes forth to make a claim against the stock owner by the deceased.
CARNET BONDS
This bond allows individuals or companies to take goods out of Canada for display purposes only. The bond is in favor of the Canadian Chamber of Commerce. The bond limit is based on the duties applicable to the goods going out of Canada. Common users of this bond are: photographers; trade shows.
Other bonds that fall under this category are normally insurance/bond programs and/or part of private contracts.
