NASBP Surety Industry Introduction Course
Includes a Live Web Event on 09/09/2026 at 11:30 PM (EDT)
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- Non-member - $195
- Member - $380
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This introductory course provides a comprehensive overview of the surety industry, designed for individuals new to suretyship or professionals seeking a structured foundation of core concepts, processes, tips and approaches. Participants gain practical insight into how surety bonds function, the roles and responsibilities of industry stakeholders, and the lifecycle of a bond, from submission through execution, maintenance, and potential claims.
Format: The course is delivered through 12 self-guided modules and a live virtual workshop. The live workshops will be held twice a year, and participants will have the opportunity to choose which session they would like to attend.
Audience: New surety professionals, account managers, assistants, emerging producers, and others seeking a foundational understanding of the surety industry.
Course Highlights:
- A detailed overview of suretyship and the surety industry
- 12 self-paced modules on the basics of surety.
- A live virtual discussion with experienced faculty
- Resources include forms, checklists, dictionary, and more.
- A certificate upon completion of the course.
Live Virtual Discussion
A live virtual discussion will be held twice a year. Details to come!
Course Modules:
- Introduction to NASBP and Suretyship
- Types of Surety Bonds
- Submissions
- Bond Execution
- Cancellation, Release, and Renewals
- Indemnity Agreements
- Alternatives to Increase Bonding Capacity: Subordination Agreements
- Financial File Maintenance
- Form Resources
- Roles Within the Surety Industry
- Claims
- Professional Development
Purchase this course to gain knowledge and understanding of the surety industry!
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Course Modules
Module 1: Introduction to NASBP and Suretyship
Begin self-paced component package.
Begin self-paced component package.
Welcome to "Module 1: Introduction to NASBP and Suretyship"! In this module, you will learn about NASBP, suretyship, and basic terminology.
Module 1 Survey
3 Questions
3 Questions
Module 2: Types of Surety Bonds
Begin self-paced component package.
Begin self-paced component package.
In "Module 2: Types of Surety Bonds," you will learn how to:
•Differentiate between the three parties to a bond, along with the differences between suretyship and insurance.
•Recognize the associated penalties, underwriting vs underwritings, and costs.
•Identify the type of bond being utilized through case scenarios.
Module 2 Survey
3 Questions
3 Questions
Module 3: Submissions
Begin self-paced component package.
Begin self-paced component package.
"Module 3: Submission" discusses the submission of documents to surety carriers. You will learn how to:
• Discuss the development of needed underwriting information.
• Analyze the gathered information.
• Prepare the submission to meet the clients' goals or needs.
Module 3 Survey
3 Questions
3 Questions
Module 4: Bond Execution
Begin self-paced component package.
Begin self-paced component package.
"Module 4: Bond Execution" highlights how to execute bonds to strengthen workflow, reduce errors, and increase efficiency. You will learn how to:
• Gather needed information & details to prepare the requested bonds.
• Manage bond requests.
• Follow outlined steps when executing a bid bond with no errors.
Module 4 Survey
3 Questions
3 Questions
Module 5: Cancellation, Release, and Renewals
Begin self-paced component package.
Begin self-paced component package.
"Module 5: Cancellation, Release, and Renewals" provides information about surety bond cancellation, release and renewal.
• Explain the characteristics, lifecycle, and closeout procedures of Contract Surety Bonds.
• Distinguish Subdivision - Completion Bonds from Contract Surety Bonds and evaluate the unique risks and obligations associated with them.
• Compare cancellable and non‑cancellable Commercial Surety Bonds and determine the requirements for cancellation, renewal, and release.
Module 5 Survey
3 Questions
3 Questions
Module 6: Indemnity Agreements
Begin self-paced component package.
Begin self-paced component package.
"Module 6: Indemnity Agreements" provides an overview of General Indemnity Agreements (GIAs), explaining their purpose, key provisions, and the legal and financial obligations they impose on contractors, indemnitors, and sureties within the construction and surety industries. In this module, you will learn how to:
• Explain the purpose and function of indemnity agreements.
• Identify and describe the key provisions of a General Indemnity Agreement.
• Analyze the legal and financial implications of executing a GIA.
Module 6 Survey
3 Questions
3 Questions
Module 7: Alternatives to Increase Bonding Capacity: Subordination Agreements
Begin self-paced component package.
Begin self-paced component package.
"Module 7: Alternatives to Increase Bonding Capacity: Subordination Agreements" explores various alternatives to increase bonding capacity, focusing on the intricacies of subordination agreements within the surety industry. In this module you will learn to:
learners will:
1. Understand that notes payable include current maturities of long-term debt and balances due on short-term working capital lines within twelve months.
2. Recognize the importance of determining how obligations are secured and guaranteed, including any collateral pledged from current assets.
3. Understand how subordinating debt can increase surety credit (bonding capacity) for the principal.
Module 7 Survey
3 Questions
3 Questions
Module 8: Financial File Maintenance
Begin self-paced component package.
Begin self-paced component package.
"Module 8: Financial File Maintenance" illustrate how to build a sound financial file structure in order to find information, their location, and requirements for storage. In this module, you will:
1. Understand the importance of keeping an updated financial file.
2. Identify the components of a financial file.
3. Recognize recommended timelines for when to follow up for financial updates.
Module 8 Survey
3 Questions
3 Questions
Module 9: Form Resources
Begin self-paced component package.
Begin self-paced component package.
"Module 9: Form Resources" will equip you with the knowledge and tools to confidently select, access, complete, and submit the right NASBP bond forms and supporting documentation for any surety bond request, ensuring compliance and professionalism throughout the process. In this module, you will:
1. Access and utilize the NASBP Producer's Tool Kit and Bond Forms.
2. Describe what is needed for bond submission of bond requests.
3. Differentiate and/or describe the financial form vs. request form.
Module 9 Survey
3 Questions
3 Questions
Module 10: Roles Within the Surety Industry
Begin self-paced component package.
Begin self-paced component package.
Module 10 Survey
3 Questions
3 Questions
Module 11: Claims
Begin self-paced component package.
Begin self-paced component package.
"Module 11: Claims" highlights the essentials of surety claims, from understanding the key parties involved to navigating the different types of bonds and responding effectively to notifications. In this module, you will:
• Differentiate between different sources of Surety Claims.
• Learn how the principal, obligee, and surety interact within a surety agreement.
Module 11 Survey
3 Questions
3 Questions
Module 12: Professional Development
Begin self-paced component package.
Begin self-paced component package.
"Module 12: Professional Development" provides surety professionals and those interested in a surety career with information about how to enhance learning though Surety Schools, Online Course, Workshops, and Virtual Seminar offerings. You will discover how to:
1. Explore and access NASBP’s educational programs and resources.
2. Leverage career advancement and networking opportunities.
3. Stay informed through news, publications, and ongoing professional growth opportunities in the surety industry.
Module 12 Survey
3 Questions
3 Questions
Live Virtual Discussion
NASBP Surety Industry Introduction Course Live Virtual Discussion
09/09/2026 at 11:30 PM (EDT) | 60 minutes
09/09/2026 at 11:30 PM (EDT) | 60 minutes
Course Evaluation
Overall Evaluation
7 Questions
7 Questions
Certificate
Certificate
No credits available | Certificate available
No credits available | Certificate available
