Home Contact Us Client Services: Login Information Request Form Specialty Programs: General & Trade   Contractors Home Builders Commercial Firms Mortgage Brokers &   Lenders Public Officials &   Notary Publics Insurance Agencies Firm Profile: Overview Management Team Why Us General Information on Bonding: Basics of Surety Bonding Bond FAQ's for Contractors Case Studies Surety News Surety Bond Product List RKA Newsletters: Subscribe for Electronic   Delivery via E-Mail Recent Newsletters Complete List & Index Owner/Obligee Services: Bond Validation Why Bond a Project?	United States - Department of the Treasury The Financial Management Service of the United States Treasury Department administers the surety bond program for the U.S. Government. Each year on July 1st, the list of surety companies authorized to directly write or reinsure bonds on federal projects (Department Circular 570) is published in the Federal Register. This circular is also available over the internet at the following external link: Federal Treasury Listing of Sureties The Treasury Department requires companies that desire to be included on its list to file financial and other information. This data is analyzed by the Treasury Department which develops a dollar Underwriting Limitation for the company which is shown for all companies included on the list. However, it is important to recognize that a surety may provide a single bond with a dollar limit that exceeds the limit appearing in the Treasury List. When the Underwriting Limitation is exceeded, the surety must be protected in accordance with the following rule which appears as note (b) in Treasury Circular 570: (b) The Underwriting Limitations published herein are on a per bond basis. Treasury requirements do not limit the penal sum (face amount) of bonds which surety companies may provide. However, when the penal sum exceeds a company's Underwriting Limitations, the excess must be protected by co-insurance, reinsurance, or other methods in accordance with Treasury Circular 297, Revised September 1, 1978 (31 CFR section 223.10, Section 223.11). Treasury refers to a bond of this type as an Excess Risk. When Excess Risks on bonds in favor of the United States are protected by reinsurance, such reinsurance is to be effected by use of a Federal reinsurance form to be filed with the bond or within 45 days thereafter. In protecting such excess risks, the underwriting limitation in force on the day in which the bond was provided will govern absolutely. The Treasury List (Department Circular 570 - Surety Companies Acceptable on Federal Bonds) may be obtained from the Surety Bond Branch, Financial Management Service, Department of the Treasury, 3700 East-West Highway, Room 6F04, Hyattsville, Maryland 20782 (telephone number 202-874-6850). Robert Keith and Associates, Inc. subscribes this list, and all electronic updates. Please contact us directly if you require information on whether a specific company is included on the list and the amount of its underwriting limitation. An external link to the Department of Treasury web site: Treasury Department, Financial Management Service, Surety Bond Program Home Page
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