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Surety Bonds

Department Circular 570

4810-35

Department of the Treasury

Fiscal Service
(Dept. Circular 570; 2025 Revision)

Companies Holding Certificates of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies

Effective August 1, 2025

This Circular is published annually for the information of Federal bond-approving officers and persons required to give bonds to the United States consistent with 31 CFR 223.16. (Interim changes are published on the Surety Bond website as they occur). Other information pertinent to Federal sureties may be obtained from the U.S. Department of the Treasury, Bureau of the Fiscal Service, Surety Bond Branch, 200 Third Street, T3-D, Parkersburg, WV 26106, Telephone (304) 480-6635.

The most current list of Treasury authorized companies is always available through the Internet at https://www.fiscal.treasury.gov/surety-bonds/list-certified-companies.html. In addition, applicable laws, regulations, and application information are also available at the same site.

Please note that the underwriting limitation published herein is on a per bond basis but this does not limit the amount of a bond that a company can write. Companies are allowed to write bonds with a penal sum over their underwriting limitation as long as they protect the excess amount with reinsurance, coinsurance or other methods as specified at 31 CFR 223.10-11. Please refer to Note (b) at the end of this publication.

The following companies have complied with the law and the regulations of the U.S. Department of the Treasury. Those listed as Certified Insurers are acceptable as sureties and reinsurers on Federal bonds under Title 31 of the United States Code, Sections 9304 to 9308 [See Note (a)]. Those listed as Certified Reinsurers are acceptable only as reinsurers on Federal bonds under 31 CFR 223.3(b) [See Note (e)].

If we can be of any assistance, please feel free to contact the Surety Bond Branch at Surety.Bonds@fiscal.treasury.gov or 304-480-6635.

Liberty A. King
Acting Deputy Assistant Commissioner
Fiscal Accounting

Important information is contained in the notes at the end of this circular. Please read the Notes carefully.

Notes

(a) All Certificates of Authority expire July 31, and are renewable August 1, annually. Companies holding Certificates of Authority as acceptable sureties on Federal bonds are also acceptable as reinsuring companies.

(b) The Underwriting Limitations published herein are on a per bond basis. Treasury requirements do not limit the penal sum (face amount) of bonds which surety companies may provide. However, when the penal sum exceeds a company's Underwriting Limitation, the excess must be protected by co-insurance, reinsurance, or other methods in accordance with 31 CFR Section 223.10, Section 223.11.

(c) A surety company must be licensed in the state or other area in which it provides a bond, but need not be licensed in the State or other area in which the principal resides or where the contract is to be performed [28 Op. Atty. Gen. 127, Dec. 24, 1909; 31 CFR Section 223.5 (b)]. The term "other area" includes the District of Columbia, American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the Virgin Islands.

License information in this Circular is provided to the Treasury Department by the companies themselves. For updated license information, you may contact the company directly or the applicable State Insurance Department. Refer to the list of state insurance departments. For further assistance, contact the Surety Bond Branch at (304) 480-6635.

(d) FEDERAL PROCESS AGENTS: Treasury approved surety companies are required to appoint Federal process agents in accord with 31 U.S.C. 9306 and 31 CFR 224.

(e) Companies holding Certificates of Authority as acceptable reinsuring companies are acceptable only as reinsuring companies on Federal bonds and may not directly write Federal bonds.

(f) Some companies may be approved surplus lines carriers in various states. Such approval may indicate that the company is authorized to write surety in a particular state, even though the company is not licensed in the state. Questions related to this may be directed to the appropriate State Insurance Department. Refer to the list of state insurance departments.

Footnotes

    1. AMERICAN CONTRACTORS INDEMNITY COMPANY (NAIC #10216) is required by state law to conduct business in the state of Texas as TEXAS BONDING COMPANY. However, business is conducted in all other covered states as AMERICAN CONTRACTORS INDEMNITY COMPANY. 
    2. International Fidelity Insurance Company’s (NAIC #11592) name is very similar to another company that is NOT certified by this Department. Please ensure that the name of the Company and the state of incorporation are exactly as they appear in this Circular. Do not hesitate to contact the Company to verify the authenticity of a bond. 
    3. United Casualty and Surety Insurance Company (NAIC #36226) is required by state law to conduct business in the state of Texas as “US Casualty and Surety Insurance Company”. Additionally, in California business is conducted using the “United Surety Insurance Company” moniker. Business is conducted in all other states as “United Casualty and Surety Insurance Company”. 
    4. Merchants National Bonding, Inc. (NAIC #11595) conducts business in California under the operating name “Merchants National Indemnity Company”. 
    5. CorePointe Insurance Company (NAIC #10499) voluntarily relinquished their Treasury Certificate of Authority effective July 31, 2025.
    6. National Farmers Union Property and Casualty Company (NAIC #16217) voluntarily relinquished their Treasury Certificate of Authority effective July 31, 2025.
    7. American Guarantee and Liability Insurance Company (NAIC #26247) voluntarily relinquished their Treasury Certificate of Authority effective July 31, 2025.
    8. Universal Underwriters Insurance Company (NAIC #41181) voluntarily relinquished their Treasury Certificate of Authority effective July 31, 2025.
    9. Stillwater Property and Casualty Insurance Company (NAIC #16578) voluntarily relinquished their Treasury Certificate of Authority effective July 31, 2025.
    10. Central Mutual Insurance Company (NAIC #20230) changed its name to  Central Insurance Company. The effective date of the change is January 1, 2025.

Last modified 08/01/25