The Surety & Fidelity Association of America and the National Association of Surety Bond Producers have jointly issued revised guidelines on electronic surety bonding and digital signature best practices for bond obligees and public officials seeking to improve procurement processes.
The guidelines ensure that stakeholders can reap the benefits of streamlined processes, reduced redundancies and increased productivity.
“Demand for more digitized workflows has accelerated the surety industry’s transition to electronic bonding,” says Lee Covington, SFAA president and CEO, in a press release.
Mark McCallum, NASBP CEO, says: “These jointly drafted electronic bonding guidelines provide needed guidance from the surety industry to decision-makers as they contemplate that transition.”
