Oregon has changed its bond and licensing requirements for 2008. These changes will affect all new bond applicants as well as renewal bonds taking affect after January 1, 2008. It is important that you contact us so that we can explain how these changes will impact your specific bond and licensing needs. When it comes to applying for your new bond, it is important to know that the premium for the bond is determined by one criteria and one only. The premium is determined by your credit rating. Your experience in whatever business you are in is not a factor. If you are married and applying for a bond, it is required that your spouses credit information be used as well as your own in the premium calculation. These definitions are not applicable in all states or for all products. This is not an insurance contract. Other terms, conditions, and exclusions apply. Please read your policy for full details about the coverage’s. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control. |
