Failure to Perform Vs. First Dollar CLIPs

Failure to Perform Vs. First Dollar CLIPs

At Lexington National Insurance Corporation, our extensive expertise lies in providing comprehensive insurance solutions tailored to the specific needs of original equipment manufacturers (OEMs), service contract providers, and obligors. We understand the intricacies...
Surplus Lines Fronting – You’ve created a great new insurance product and are ready to set up your captive reinsurer. But, how do you find an insurer to write the policy?

Surplus Lines Fronting – You’ve created a great new insurance product and are ready to set up your captive reinsurer. But, how do you find an insurer to write the policy?

Admitted or Surplus? The first question is whether the policy will an “admitted” or “surplus” policies. An admitted policy is one that an admitted insurance company will write. If the policy does not fall within the admitted market, then it is deemed a surplus policy....
How to Obtain a Surety Bond?

How to Obtain a Surety Bond?

Surety bonds are an instrument that businesses and individuals use to guarantee their performance on a contract or agreement, or compliance with a license or other directive. They are often required by law or by the party that is hiring the contractor or service...