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Bonds for judicial proceedings may be required for those seeking certain remedies in state or federal court. These bonds fall into two broad classifications:
Plaintiff Bonds
A plaintiff bond guarantees payment of damages suffered if an action is decided in favor of a defendant. The court determines the amount of a plaintiff bond. Attachment, replevin and sequestration bonds are plaintiff bonds.
Defendant Bonds
A defendant bond guarantees payment of damages suffered if an action is decided in favor of the plaintiff. The court determines the amount of a defendant bond. Defendant replevin, supersedeas, appeal and release of attachment are examples of defendant bonds. Defendant bonds often require up to 100% collateral.
Bonds for judicial proceedings require a signed application, indemnity and good credit history.
This table shows maximum rates for uncollateralized bonds. Rates may vary based upon financial review.
| Type of Bond |
Rates
Per $1000 |
Minimum Annual Premium |
Required
Underwriting
Information |
| All Bonds |
Bonds Exceeding $5,000 |
| Attachment, Replevin, Sequestration |
$25 |
$100 |
A,B |
C and/or D |
| Certiorari, Appellate Costs Only |
$10 |
$100 |
A,D |
| Foreclosure Proceedings (Plaintiff) |
$20 |
$100 |
A,B,C and/or D |
| Court Costs |
$10 |
$100 |
N/A |
A,D |
| Condemnation |
$5 |
$100 |
A,B,C |
D |
| Injunction |
$25 |
$100 |
A,B,C |
D |
| Discharge of Attachment |
$25 |
$100 |
A,B,C and/or D |
| Discharge of Injunction |
$25 |
$100 |
A,B,C and/or D |
| Discharge of Mechanics Lien |
$25 |
$100 |
A,B,C and/or D |
| Stay of Execution |
$25 |
$100 |
A,B,C and/or D |
| Release of Garnishment |
$25 |
$100 |
A,B,C and/or D |
| Appeal, Supersedeas |
$25 |
$100 |
A,B,C and/or D |
Underwriting Key
A. Complete Short Form Application
B. Copy of Summary Judgment
C. Corporate Financial Statement
D. Personal Financial Statement
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