This seminar will provide both an overview and detail regarding the commercial surety line of business. Instructors will be knowledgeable commercial surety underwriters with years of experience. The Seminar will provide the entry level surety professional (1 to 4 years of experience) with information and underwriting considerations regarding the many types of commercial surety bonds. Underwriting issues will include topics such as bond language evaluation, financial analysis, and assessment of the class of business risk. The Seminar also will include a session on marketing commercial surety. Instruction will be supplemented with interactive case studies. Take advantage of this worthwhile educational resource!
We will be accepting registrations on a first-come, first-served basis. To register, please fill out the registration form and return it with the registration fee to: Meetings Department, The Surety & Fidelity Association of America, 1140 19th Street, NW, Suite 500, Washington, DC, 20036. Please submit your registration by September 20, 2016, to ensure that you are included on the advance registration list. To verify that space is available, please call 202-463-0600.
A full refund of the seminar registration fee will be provided if the reservation is canceled by September 23, 2016.
The seminar will be held in Chicago at the Embassy Suites Hotel – Downtown (600 N. State Street). Register early. Space is limited. To enhance the educational experience of the students, registration will be capped at 60, which will consist of two classes of 30 students each.
To make hotel reservations, please call the Embassy Suites directly at 1-800-445-8667. A special rate of $259 per night is available for meeting attendees. All reservations must be guaranteed with a valid credit card and are subject to a 72-hour cancellation policy. Please mention that you are attending The Surety & Fidelity Association of America Commercial Surety Seminar. This special rate is available until September 26, 2016.
October 26, 2016
6:00 p.m. - 7:00 p.m. SEMINAR REGISTRATION
6:00 p.m. - 8:00 p.m. WELCOMING RECEPTION
October 27, 2016
| Class Schedule 1
|| Class Schedule 2
| 8:30 a.m. - 8:45 a.m.
|WELCOME & INTRODUCTION
|WELCOME & INTRODUCTION
| 8:45 a.m. - 9:30 a.m.
||BOND FORM CONCEPTS
The session will address various provisions found in a bond form that affect the risk profile of the bond.
|FINANCIAL STATEMENT ANALYSIS
| 9:30 a.m. - 10:15 a.m.
||LICENSE & PERMIT BONDS
This session will address the underwriting considerations, bond forms and statistics of three frequently written license and permit bonds: contractor's license, motor vehicle dealer and mortgage broker.
|MARKETING COMMERCIAL SURETY
| 10:15 a.m. - 10:30 a.m.
| 10:30 a.m. - 11:15 a.m.
This session will cover the forms and underwriting considerations of various types of fiduciary bonds – administrator, executor, guardian, and trustee.
|BOND FORM CONCEPTS
| 11:15 a.m. - 12:00 p.m.
This session will cover the clauses of a typical general agreement of indemnity. This session also will include a discussion of the requirements of taking indemnity correctly, depending on how the principal is organized (corporation, partnership, limited liability company, sole proprietorship).
|NON-CONSTRUCTION CONTRACT BONDS
|12:00 p.m. - 1:00 p.m.
| 1:00 p.m. - 1:45 p.m.
This session will cover the forms and underwriting considerations of various types of bonds required in court proceedings – defendant's appeal, attachment and replevin.
|LICENSE & PERMIT BONDS
| 1:45 p.m. - 2:30 p.m.
This session will cover the forms and underwriting considerations of various types of miscellaneous bonds, including various types of financial guarantee bonds.
| 2:30 p.m. - 2:45 p.m.
| 2:45 p.m. - 3:30 p.m.
||FINANCIAL STATEMENT ANALYSIS
This session will present techniques and skills to assist the surety professional in navigating his or her way through the bond principal’s financial statement, including the principal’s annual report and 10K.
| 3:30 p.m. - 4:15 p.m.
||MARKETING COMMERCIAL SURETY
This session will cover techniques and considerations for building your commercial surety book of business.
| 4:15 p.m. - 5:30 p.m.
||NON CONSTRUCTION CONTRACT BONDS
This session will examine the underwriting considerations regarding a growing class of commercial surety - bonds that secure the performance of a non-construction contract, such as a contract to provide various services (e.g. transportation, advertising, and accounting).
October 28, 2016
8:00 a.m. – 8:30 a.m. CONTINENTAL BREAKFAST
8:30 a.m. – 9:40 a.m. REVIEW AND CASE STUDY #1
9:45 a.m. – 10:55 a.m. REVIEW AND CASE STUDY #2
11:00 a.m. – 12:10 p.m. REVIEW AND CASE STUDY #3
12:10 p.m ADJOURN
(includes course materials, opening reception on October 26, continental breakfast on October 27-28 and lunch on October 27)
SFAA MEMBERS/SUBSCRIBERS: $439
Pay by Check or Credit Card
Make checks payable to The Surety & Fidelity Association of America. Return Registration Form with payment to Meetings Department, 1140 19th Street, NW, Suite 500, Washington, DC, 20036.
Complete and fax a Registration Form and Credit Card Authorization Form to 202-463-0606