Products

F.A.Q.

What is a fulfillment insurance?
It is a contract by which an underwriter - in exchange for a price (premium) - guarantees the fulfillment - on the part of the taker (bonded) - of an obligation contained in a contract, a legal provision or a judicial order -, and he commits himself to pay to the creditor of the same(assured) up to a set amount (value insured) the prejudices caused by said unfulfillment.

What is the objective of a fulfillment policy?
To insure, guarantee or bond the fulfillment of obligations contained in a contract, the law, or a judicial order.

Who is an insurance intermediary?
It is a person - whether natural or juridical - that backs up the company and the clients in the duty of promoting, placing and renewing insurance contracts. It could be an agent, insurance agency or insurance broker.

What is a legal provision policy good for?
For guaranteeing - in favor of the State, or of a public entity - the fulfillment of obligations which are described in laws, decrees, statutes, agreements, resolutions, etc.

What is a judicial caution?
It is a guarantee ordered by the entities that administer justice - within the course of a process or judicial proceeding - in order to make sure that what has been ordered by the judge - based on the codes of civil, penal, labor etc. procedure - be fulfilled.

What is a counterguarantee?
It is the back -up that permits an underwriter to reimburse - as far as patrimony is concerned - in the event of its being obliged to indemnify on account of the occurrence of a disaster. Through the counterguarantee, the taker of the policy commits himself with the underwriter to reimburse the amounts of money that it might pay on account of the taking care of a disaster. They may be personal (blank promissory note or a counterguarantee from a head office) or real (mortgage, real - estate trust, endorsement of CDT).