What Does License and Permit Bond Mean?

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What does License and Permit Bond mean? Read on to discover the definition & meaning of the term License and Permit Bond - to help you better understand the language used in insurance policies.

License and Permit Bond

License and Permit Bond

Type of surety bond that is sometimes required in connection with the issuance of licenses by government agencies. They guarantee that the person who posts the bond will comply with all applicable laws pertaining to their activities.

We hope the you have a better understanding of the meaning of License and Permit Bond.

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