Theodore Liftman Insurance, Inc. Financial Insurance  
Home  |  About Us  |  Knowledge Center  |  News & Events  |  Contact Us
Theodore Liftman Insurance, Inc. Financial Insurance
 
Insurance Products & Services for:
Investment Advisers
Mutual Fund Groups
Hedge Fund Groups / Private Investement Funds
 
 
Current Insurance news

9/1/2008
Important NEW Change to Bonding Requirements for ERISA Advisors
There is an important new modification this year to the Employee Retirement Income Security Act of 1974, as amended (ERISA).

Read More »

9/1/2008
A Message from Theodore Liftman, Chairman of the Board
This year, Liftman Insurance celebrates our 51tst year in the insurance business. During that time, we've seen many other insurance agencies come and go.

Read More »
 
 
 

State Surety Bonds

 

This is a bond which certain investment professionals are required by law to post with some states. It is a contract whereby an insurance carrier (the surety) agrees to have secondary responsibility to the state (the obligee) for any default or debt of the investment adviser (the principal). It generally permits the state and residents of the state to sue under the Bond for damages incurred as a result of the principal’s violation of the conditions of the Bond and/ or the state’s securities laws. The Bond indemnifies the obligee for losses sustained as a result of such default, up to the amount of the Bond. The Bond is written in lieu of a letter of credit, therefore, the principal must indemnify the surety for any losses the surety sustains in fulfilling the failed obligations of the principal.

Liftman Insurance specializes in “Automatic Issue” State Surety Bonds which are offered without the personal guarantee of corporate principals.

Click here to download a State Surety Bond Indemnity Agreement.

 
 
Theodore Liftman Insurance, Inc.  |  101 Federal Street, Boston, MA 02110-1827  |  Phone: 617-439-9595  |  To email us, click here
Home  |  Investment Advisers  |  Mutual Fund Groups  |  Securities Broker/Dealers  |  Hedge Fund Groups / Private Investement Funds
About Us  |  Knowledge Center  |  News & Events  |  Contact Us  |  Directions  |  Privacy Policy  |  Sitemap