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AMOUNT UTILITY SERVICE GUARANTY BOND $ FORM 12160(604) ACCOUNT NO. SERVICE NAME KNOW ALL MEN BY THESE PRESENTS, That, hereinafter called Principal and, hereinafter called Surety, are held and firmly

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What is utility service guaranty bond?

A utility service guaranty bond is a type of surety bond that guarantees payment to a utility provider in case the principal fails to pay for services.

Who is required to file utility service guaranty bond?

Utility service providers or companies are usually required to file a utility service guaranty bond.

How to fill out utility service guaranty bond?

To fill out a utility service guaranty bond, the principal must provide personal and financial information, agree to the terms of the bond, and pay a premium to a surety bond company.

What is the purpose of utility service guaranty bond?

The purpose of a utility service guaranty bond is to protect utility providers from non-payment by ensuring that they will receive compensation if the principal defaults.

What information must be reported on utility service guaranty bond?

Information such as the principal's name, contact details, financial information, and the amount of the bond must be reported on a utility service guaranty bond.

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