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AGENT USE ONLY BOND NUMBER HCC Surety Group 601 S. Figueroa Street, Suite 1600, Los Angeles, California 90017 Additional Personal Indemnity Application California Contractors License Bond A CONTRACTOR/
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What is additional personal indemnitor application?
Additional personal indemnitor application is a form or application that is required to be filed in certain situations where an individual is acting as a guarantor or indemnitor for someone else. This application provides information about the personal indemnitor and their financial condition to ensure their ability to fulfill the obligations if the primary party fails to do so.
Who is required to file additional personal indemnitor application?
The person who is acting as a personal indemnitor or guarantor for someone else is required to file the additional personal indemnitor application.
How to fill out additional personal indemnitor application?
To fill out the additional personal indemnitor application, the applicant needs to provide information such as their personal details, financial information, employment history, and references. The application form can be obtained from the relevant authority and should be completed accurately and honestly.
What is the purpose of additional personal indemnitor application?
The purpose of the additional personal indemnitor application is to assess the financial stability and ability of the personal indemnitor to fulfill their obligations in case the primary party fails to do so. It helps reduce the risks associated with the guarantor or indemnitor agreement.
What information must be reported on additional personal indemnitor application?
The additional personal indemnitor application typically requires the reporting of personal information such as name, address, contact details, social security number or identification number, employment information, financial details including assets, liabilities, income, and expenses, as well as references.
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