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Guaranty(Insurance) Payment
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General
Guaranty (Insurance) Payment
Guaranty (Insurance) Payment
Terms
Bid Bond Agreement
Performance(Contract) Bond Agreement
Defects(Maintenance & Repair) Bond Agreement
Payment Bond Agreement
Product Liability Insurance Policy
Claim Payment Clause
Guarantee (Insurance) Claim and payment procedure
Guaranteed accidents
Request payment
Required documents
Official document for request
- Copy of contract paper
- Copy of guaranty letter
- Documents proving the occurrence of guaranteed accidents and related materials(Copy of contract termination notice, defect description, etc. )
Report guaranteed accident
Notice of deposit claim to union member
Confirmation of payment
Confirmarion of guaranteed accident & Payment assessment
Claim confirmation and investigation
Cases where guaranty payment decision is suspended
- In case of a legal dispute such as decision of guaranty payment suspension injuction.
- If there is a valid new appeal by the state's debt department.
- If a cause of re-examination for the payment of other deposits occurs.
Payment
After payment assessment, the payment is sent out [consumer]
Required documents for receipt of payment
- Original documents of guaranty letter
- Copy of bankbook where the guaranty will be deposited
- Corporate and personal seal stamp on deposit receipt [Form provided by union]
- Seal certificate