Tip:
Highlight text to annotate it
X
Court date Jan 27, 2014, 1:30 P.M., Law and Justice Center
ernie wayne ter telgte, The Living Natural Man, speaks to the People about the corruptions
in the courts and what it means to your future freedoms
All officials in Montana are required, upon demand @ any time, to produce evidence of
their oath, and evidence of their Bond for their office.
The evolution of Montana law went from individual bonds to surety bonds to blanket bonds, but
the requirements for reporting, recording, and inspection of bonds are still the same
as they always were. Montana now violates all their bonding laws
by allowing Insurance policies that have overlapping coverages to substitute for blanket bonds.
This completely eliminates individual office holders PERSONAL ACCOUNTABILITY for the performance
of their duties. They literally no longer have any "skin in the game" i.e. personal
assets backing their bond. A bond IS NOT an insurance policy!
A Bond guarantees performance. An office bond protects the public, the State,
and taxes liens. If you breach a contract, fail to perform services which you have been
paid for, and/or fail to pay an account which services were obtained, the bond could be
liened. When the bond company pays out damages, this value must be paid back to the bonding
company. Hiring an attorney to defend the suit could cost you over $4,000.00 in costs
to you and you still need to repay the bonding company.
An Insurance policy compensates property loss. An insurance policy has a limit of coverage
which will be available for defense and damages. You pay a little and the insurance company
pays up to the limit of coverage. This limit is typically $1,000,000 for an occurrence.
The damages paid out by the company will not be required to be paid back. You may have
a deductible required per the policy conditions and that's it.
Surety Bond Vs. Insurance Policy
Surety Bond
Represents a three-party agreement between the principal (entity performing the work
/ office), the obligee (entity requiring the bond from the principal), and the surety (the
Bonding Company). Remains in force and effect until the term
of the agreement is fulfilled by the principal. The surety company examines the prospective
principal qualification, and accepts only those risks considering being safe.
*** Losses are not expected. *** Most premiums for a Surety Bond are intended
to cover the costs of prequalifying the principle, other expenses, and profit. In a sense, it
is like a service change from the bank for the extension of credit.
Like a credit relationship, in which the surety bonding company extends credit to the principal.
In the event that the principal fails to pay on the obligation, the surety company will
pay the claim with the expectation of being reimburse
by the principal.
Insurance Policy