Under certain conditions. You must agree to full disclosure of all information pertinent to the bonding application. You have to give any information needed to fill in the forms. Reasons for bonding decision are not required. At the discretion of the individual underwriters, higher amounts may be obtained.
Participation is voluntary.
Participation in the program by bonding companies is voluntary. Coordination of the bonding program. As a check on the program, the bonding company will report to the sponsoring agency indicating that each application for bonding has been accepted or rejected. If not, an insurer can cancel or void a policy for non-disclosure of material facts or misrepresentation. Exclusion is not automatic .