BondExecution

Description
This aggregate contains additional generic elements typically related to the report of execution process.

Type : Aggregate
DataType : BondExecution_Type

Elements
BondCloseDtThe date the bond will be closed or cancelled.
BondNumberThe reference identification assigned by the Surety to identify the bond. Individual Sureties have different numbering schemes for bonds that can be accommodated in this field.
BondTermThe term of the bond.
BondTermCdA code that identifies whether the bond is continuous or has a definite term and whether or not it is renewable. This element uses the BondTerms code list.
BulkBondAggregateExposureAmtFor a Bulk Bond this is the aggregate amount of the bond. (Bond amount multiplied by Bulk Item Count).
BulkBondIndAn indicator that identifies the bond as a bulk or master billed bond.
CancellableIndIndicates whether or not the bond is cancelable.
CancellationTypeCdThe code identifying the rule to be followed in calculating the earned premium. This element uses the CancellationType code list.
CollateralIndIndicates whether or not collateral is being held for this bond.
CounterSignatureWhen writing a multi-state risk, countersignature information should be sent for each state outside of the agent's contract authority.
CountryCdCountry. Usage is the International Organization for Standardization/DIS-3166 code list. The recommendation is to use the three letter version of the country code.
ExecutionDtThe date that appears on the bond as the signed and sealed date.
MiscPartyThis aggregate provides information about a miscellaneous individual or organization.
NAICCdAn industry code uniquely identifying an organization chartered under state or provincial laws to act as an insurer. The source of this code list is the NAIC and/or IBC.
NumDaysAdvanceRenewalNoticeThis element is used to identify the number of days (in advance) required for renewal notification.
NumDaysCancelThe number of days notice required when the policy/contract is being cancelled.
NumItemsBulkBondFor a Bulk Bond this is the total number of items.
PreviousBondNumberThe bond number assigned by the previous surety.
RenewalMethodCdIndicated if the renewal requires a continuation certificate, issuance of a new bond, etc. This element uses the RenewalMethod code list.
SAAClassCdAn industry code that indentifies the nature of an obligation on a bond and is used in compiling statistics on surety premiums written and loses incurred. The source of this codes is the Surety Association of America (SAA)
SAAContractTypeCdA code used by the Surety Association of America to compile statistics on contract bonds issued by member companies. The source for this code may be the SAA or the individual insurer.
StateProvThe state, province, canton or similar geographic location when not contained within the U.S. Postal Service code list.
StateProvCdA code identifying the state, province or national subdivision. The specific code values depend upon the national jurisdiction. For the USA, the state code list is https://www.usps.com/send/official-abbreviations.htm For Canada, the province code list is http://www.canadapost.ca/tools/pg/manual/Pgaddress-e.asp NOTE: these links cannot be launched from within the Help File.

Attributes
idThis attribute is an identifier to a specific element.