Non-Participating Manufacturers operating in the State of Indiana are required under 24-3-5.4-13.6 of the Indiana Code to execute an Indiana Non-Participating Manufacturer Corporate Bond to ensure compliance with licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Indiana Non-Participating Manufacturer Corporate Bond holds you accountable for your business decisions.
By possessing an Indiana Non-Participating Manufacturer Corporate Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.