INDEMNITY BOND FOR A DUPLICATE POLICY BOND
To be signed on stamp paper and given to the insurer, so that it issues a duplicate of a lost or destroyed policy bond.
THE INDEMNIFIER:
__________, __________
__________
Phone: __________
IN FAVOUR OF (the Insurer):
__________
__________
1. THE POLICY
2. THE LOSS OF THE ORIGINAL
2.3 The Indemnifier has searched for the Original and has not found it.
3. WHAT THE INDEMNIFIER ASKS
3.1 The Indemnifier asks the Insurer to issue a duplicate of the policy bond (the Duplicate) in place of the Original.
4. THE INDEMNITY
4.1 In return for the Insurer issuing the Duplicate, the Indemnifier promises and agrees as follows.
4.2 If the Original is found, the Indemnifier will return it to the Insurer for cancellation at once and will not use it for any purpose.
4.3 The Indemnifier will make good to the Insurer any loss, claim, cost or expense that it suffers because it issued the Duplicate, including any claim by a person who holds or claims under the Original, or under an assignment or charge that the Indemnifier did not disclose to the Insurer.
4.4 The Indemnifier will pay any fee that the Insurer's rules require for issuing the Duplicate.
4.5 The statements in this bond are true to the best of the Indemnifier's knowledge, and the Indemnifier has kept back no fact that the Insurer would reasonably want to know.
4.6 This bond is given for the benefit of the Insurer and its successors, and it binds the heirs and legal representatives of the Indemnifier.
5. SIGNING
_________________________
__________
The Indemnifier
__________
Witnesses (two):
- 1. Name: _________________ Address: _________________ Signature: _________________
- 2. Name: _________________ Address: _________________ Signature: _________________