C45: Surety Bonds

This elective will no longer be offered following the December 2017 exam. All rewrites, deferrals, and continued tuition must be completed no later than the December 2018 exam session without exception.

Please note that the final examination for this course is a computer-based exam.

*This course is not available for the July examination session.

Surety Bonds is an introductory study of suretyship. Because suretyship is dominated by the construction industry, the text for Surety Bonds focuses on this aspect of it. The business of bonding construction projects, the surety bonds required, underwriting, claims-handling and legal issues are covered. This introduction to surety bonds also provides a brief glimpse of miscellaneous bonds.

Course Outline

• Introduction to surety bonds
• The business of construction
• Surety forms in construction
• Surety underwriting
• Co-suretyship and reinsurance
• Legal aspects of surety
• Indemnity agreements
• Miscellaneous bonds
• Surety claims
• Financial statements

Who Should Register

All insurance courses offered by The Insurance Institute are designed for individuals who want to attain a highly recognized and respected professional designation in the p&c industry. The professional designation Chartered Insurance Professional (CIP) is recognized across Canada and elsewhere around the world as the benchmark of insurance professionalism.

Surety Bonds is for industry professionals, including brokers and agents, underwriters and adjusters, who want a comprehensive p&c education and the skills and knowledge required to advance their careers.

Course Offerings

Distance Learning

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In-Class and Virtual Learning

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