Bond / Rider Status Definitions

`Requires Rep Signature`

Once all the bond fields are entered by the surety entities, it will remain in Requires Rep Signature status until the bond is signed by the surety entity.

Note: Applies to Bonds and Riders

`Pending Principal Signature`

Once the surety entity attests to and signs the bond, it will be delivered to the licensee for signature and the bond status will be updated to Pending Principal Signature.

Note: Applies to Bonds and Riders

`Return to Surety`

Once a surety bond has been signed by the surety entity, the licensee will have an opportunity to review and sign the bond. If there are errors in the bond information, the licensee will be able to return the bond to the surety entity for correction. The status of a bond returned to the surety will be updated to Return to Surety.

Note: Applies to Bonds and Riders

`Executed`

Once attested to and signed by the licensee or designated Individual (MU2), the bond status will be updated to Executed.

Note: Applies to Bonds and Riders

`Declined`

If a licensee does not want to sign a bond provided to them by a surety entity, the licensee will be able to decline the bond and provide a note to the surety entity regarding why the bond was declined. The bond status will be updated to Declined.

Note: Applies to Bonds

`Notice of Cancellation`

Upon submission of Notice of Cancellation, the bond status will be updated to Notice of Cancellation.

Note: Applies to Bonds

`Cancelled`

Upon the successful cancellation of the bond, the bond status will be updated to Cancelled.

Note: Applies to Bonds