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Virginia Insurance Title Settlement Agent Surety Bond
Who is required to have this surety bond?
The Common Wealth of Virginia requires Title Insurance Agents or Agency to provide this $200,00 surety bond in order to conduct legal business within the State of Virginia. Employees of the registered Settlement Title Agency are not required to obtain a surety bond. If you are uncertain if you require a license you may read the code for Virginia Real Estate Settlement Agents.
What does this surety bond cover?
This bond covers your client against any fraudulent activity that you/your agency might commit.