The Bureau of the Fiscal Service administers the surety bond program for the federal government under 31 U.S.C. 9304-9308 for companies who wish to:
- directly write federal bonds
- reinsure federal bonds
- be recognized as an Admitted Reinsurer for the companies who directly write or reinsure federal bonds
Treasury Seeks Information to Support Modernization of the Surety Bond Program
***NOTICE OF REQUEST FOR INFORMATION (RFI); REQUEST FOR COMMENT: The U.S. Department of the Treasury, Bureau of the Fiscal Service, is considering modernizing and improving the Surety Bond Program. To support this work, Fiscal Service requests information from stakeholders on various topics including ideas regarding the application process for certificates of authority, the data that Fiscal Service should consider, and the analytical methods it should use when evaluating an applicant’s financial condition.
The RFI and instructions for submitting comments can be found at https://www.govinfo.gov/content/pkg/FR-2019-12-30/pdf/2019-28193.pdf. The deadline for submitting comments is February 13, 2020.
For further information contact: Melvin Saunders, at (202) 874-5283 or email@example.com, or Dwayne Boothe, at (304) 480-5244 or firstname.lastname@example.org.
The Department Circular 570 offers a complete list of companies that write or reinsure federal bonds, as well as Admitted Reinsurers for those companies. Circular 570 was updated on July 1, 2019.
Certified Reinsurer Companies
Pools & Associations
State Insurance Departments
Overseas Accredited/Trusteed Reinsurers
Important Notification for Applications
The Surety Bond program no longer accepts paper submissions- all submissions must be made electronically via email. For more detailed instructions, visit the Getting Started page for your application type: Authorized Pool/Associations, Admitted Reinsurers, or Authorized Surety/Reinsurer of Federal Bonds.
For more information about a claim, call us toll free, or send us an email.
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Last modified 12/30/19