Discovery Period
Under certain bonds and policies, provision is made to give the insured a period of time after the cancellation of a contract in which to discover whether a loss was sustained that would have been recoverable had the contract remained in force. This period usually varies from six months to three years. The period may be determined by statute; in certain bonds, it is of indefinite duration because of statutory requirement.
Surety Bond Resources
A mortgage notary plays a vital role in real estate transactions, ensuring the legitimacy of documents and protecting all parties...
When becoming a notary public in Texas, securing a surety bond is a crucial step to protect yourself and your...
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