Online Surety Bond Administration System

BondMaster is an Oracle based, Internet surety administration system designed to streamline the management of surety bond portfolios. The manufacturer states that the system was developed to give clients increased control over their surety bond programs by providing up-to-date information online. According to the manufacturer, the system can offer a cost-effective alternative to traditional servicing methods by reducing labor demands associated with maintaining a surety bond portfolio.

The product features online bond requesting, bond issuance, file history, and communication and can enable last minute bond requests to be processed through remote site bond printing. It includes a collection of bond forms that offer management report capabilities to facilitate liability analysis, cost allocation, and renewals.

Near North Insurance Brokerage, Inc., 875 North Michigan Ave., Chicago, IL 60611. Tel: 312-280-5600, ext. 7243. Fax: 312-280-5602.