Form 21-A (MODIFIED) (700-050-22) Surety Takeover - Florida

What Is Form 21-A (MODIFIED) (700-050-22)?

This is a legal form that was released by the Florida Department of Transportation - a government authority operating within Florida. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 21-A (MODIFIED) (700-050-22)?
A: Form 21-A (MODIFIED) (700-050-22) is a specific surety takeover form used in Florida.

Q: What is a surety takeover?
A: A surety takeover refers to the process where a new surety company replaces the original surety company in providing financial guarantees for a particular project.

Q: Why would a surety takeover occur?
A: A surety takeover may occur if the original surety company becomes insolvent or fails to fulfill its obligations.

Q: Who uses Form 21-A (MODIFIED) (700-050-22)?
A: Form 21-A (MODIFIED) (700-050-22) is used by surety companies in Florida when initiating a surety takeover.

Q: What information is required on Form 21-A (MODIFIED) (700-050-22)?
A: Form 21-A (MODIFIED) (700-050-22) typically requires details about the project, the original surety company, the proposed new surety company, and other relevant information.