New York Bond (Form: L-9) for Retailers. Note: For use by Insurance Companies only.

• Category: New York Statewide - Division of Alcoholic Beverage Control
• State: New York
• Control #: NY-ABC-L9R
• Format: PDF

Description

Bond (Form: L-9) for Retailers. Note: For use by Insurance Companies only. New York Bond (Form: L-9) for Retailers is a financial security issued by the state of New York to ensure the payment of a debt or other obligation. It is specifically designed for use by insurance companies, and is required in order for an insurance company to legally do business in the state. This type of bond serves as a promise that the insured party will pay all of their outstanding premiums and other financial obligations to the insurance company. There are two different types of New York Bond (Form: L-9) for Retailers: Surety Bond and Fidelity Bond. Surety Bond guarantees the performance of a specific contract, while Fidelity Bond covers losses due to the dishonesty of employees. Both types of bonds are issued by the New York Insurance Department and must be renewed annually.

New York Bond (Form: L-9) for Retailers is a financial security issued by the state of New York to ensure the payment of a debt or other obligation. It is specifically designed for use by insurance companies, and is required in order for an insurance company to legally do business in the state. This type of bond serves as a promise that the insured party will pay all of their outstanding premiums and other financial obligations to the insurance company. There are two different types of New York Bond (Form: L-9) for Retailers: Surety Bond and Fidelity Bond. Surety Bond guarantees the performance of a specific contract, while Fidelity Bond covers losses due to the dishonesty of employees. Both types of bonds are issued by the New York Insurance Department and must be renewed annually.