Treasury Surety Bond Program is Accepting Applications for Two New Classes of Reinsurers

August 9, 2024
(updated from July 31, 2024)

Fiscal Service is responsible for administering the Surety Bond Program for the federal government under 31 U.S.C. 9304-9308. Companies who wish to directly write federal bonds, reinsure federal bonds, or be recognized as an Admitted Reinsurer, Complementary Reinsurer, or Alien Reinsurer for the companies writing or reinsuring federal bonds must apply to Fiscal Service to be admitted to the program.

Treasury’s final rule about Alien and Complementary Reinsurers is effective August 9, 2024. The Surety Bond Branch is now accepting applications for these two classes. For more information on the final rule, see Treasury’s Implementation Guide published on the Surety Bond website.

Alien and Complementary Reinsurers must apply to Treasury for recognition on an annual basis. Recognition by Treasury for these new classes will be effective on November 1, 2024, for a term that expires on October 31, 2025.

All forms and checklists for Complementary and Alien Reinsurer applicants are available on the Surety Bond website.

Treasury will publish the first listing of applicants accepted to the program on the Surety Bond website on November 1, 2024.