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Maine Surplus Lines Insurance Producer's Bond Maine Gov Form

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Maine Surplus Lines Insurance Producer's Bond Maine Gov Form

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[Music] in this video we explain what a main conservator bond is and how insurance agents can officially obtain them for their customers during this difficult time a main conservator bond is a government required shy bond that ensures the protected person will receive compensation for financial harm if the conservator fails to adhere to all court orders or mismanages the State's assets the limit on the main conservator bond is determined on a case-by casee basis the bond is required for certain conservators as a prerequisite to becoming a courta appointed fiduciary and is regulated by the wi Superior Court where the protected person resides or has property shity companies typically determine premium rates for conservator Bonds on a tiered structure as a result larger bond amount amounts will be charged a lower premium rate than smaller bond amounts to avoid claims made against their bonds conservators must ensure that they are not negligent with their fiduciary duties they do n

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