Scribd Logo
Upload

Welcome to Scribd!

  • 3K views

    Car Insurance Bond

    Uploaded by

    mikeur74
    This document is a $5 million surety bond for private auto insurance issued to [Your Name] to satisfy US financial responsibility requirements for operating a motor carrier. It references 1933 legislation stating that financial obligations must be discharged in legal tender, not gold or specific currencies. The bond promises to pay any bona fide claims against [Your Name]'s commercial activities up to $5 million in legal tender to the bearer of the bond.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Car Insurance Bond

    Uploaded by

    mikeur74
    3K views1 page
    This document is a $5 million surety bond for private auto insurance issued to [Your Name] to satisfy US financial responsibility requirements for operating a motor carrier. It references 1933 legislation stating that financial obligations must be discharged in legal tender, not gold or specific currencies. The bond promises to pay any bona fide claims against [Your Name]'s commercial activities up to $5 million in legal tender to the bearer of the bond.

    Original Description:

    We ALL have this powerful tool

    Original Title

    Car insurance bond

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document is a $5 million surety bond for private auto insurance issued to [Your Name] to satisfy US financial responsibility requirements for operating a motor carrier. It references 1933 legislation stating that financial obligations must be discharged in legal tender, not gold or specific currencies. The bond promises to pay any bona fide claims against [Your Name]'s commercial activities up to $5 million in legal tender to the bearer of the bond.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    3K views1 page

    Car Insurance Bond

    Uploaded by

    mikeur74
    This document is a $5 million surety bond for private auto insurance issued to [Your Name] to satisfy US financial responsibility requirements for operating a motor carrier. It references 1933 legislation stating that financial obligations must be discharged in legal tender, not gold or specific currencies. The bond promises to pay any bona fide claims against [Your Name]'s commercial activities up to $5 million in legal tender to the bearer of the bond.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    PRIVATE AUTO INSURANCE SURETY BOND

    NEGOTIABLE $5,000,000 NEGOTIABLE


    Five million United States Dollars
    Payable to bearer
    Discharge Bond # abc-123456-PB

    Your name
    C/O rr 122 Some street
    Town, State Republic

    _____________SPACE ABOVE THIS LINE FOR RECORDER’S USE___________

    Written Undertaking/Surety Bond — Financial Responsibility


    Form #abc-123456-PB (Private Number was assigned)

    I, your name, hereinafter “the Undersigned” do hereby promise to pay “pledge” myself as surety as follows:

    Whereas: There exists a requirement by The US Federal Government pursuant to 49 CFR 387 that drivers of motor carriers have
    evidence of financial responsibility and;

    Whereas: The Undersigned may operate a motor carrier, and;

    Whereas: The Undersigned has not been able to locate any lawful money of account in circulation (Gold or Silver coin or bullion) in
    this State or any State, and;
    Whereas: Public Policy as established with Chap. 48, 48 Stat. 112 of June 5, 1933 states in part:
    That (a) Every provision contained in or made with respect to any obligation which purports to give the obligee a right
    to require payment in gold or a particular kind of coin or currency, or in an amount of money of the United States measured
    thereby, is declared to be against public policy; and no such provision shall be contained in or made with respect to any obligation
    hereafter incurred. Every obligation, heretofore or hereafter incurred, whether or not any such provision is contained therein or
    made with respect thereto, shall be discharged upon payment, dollar for dollar, in any coin or currency which at the time of
    payment is legal tender for public and private debts. Any such provisions contained in any law authorizing obligations to be issued
    by or under authority of the United States, is hereby repealed:

    Now therefore and in consideration thereof, the Undersigned does hereby promise to pay i.e. undertakes, “bonds” UPPER CASE

    NAME'S commercial activity for the following amount: Five Million Dollars.

    In the event that any person is damaged and can demonstrate a bona fide claim of injury or loss, the Undersigned shall discharge

    all obligations dollar for dollar by and through tender of payment pursuant to public policy, Chap. 48, 48 Stat. 112.

    Dated the __th day of the ____th month, Two Thousand Twenty Three

    _______________________________

    C/O RR 123 Some street


    Town, State Republic
    Non domestic zip exempt

    ALL CAPS NAME Your name


    ATTN: CEO or CFO c/o rr 123 Some street
    123 Some street Town, State near [12345]
    Town ST, 12345 Non-Domestic without the US

    ____________________ _________________
    Date of Issue Authorized Signature

    You might also like