# Surety Bonds 101 - The Parties

Source: https://a1suretybonds.com/learning-center/the-parties

- The Principal

- The Principal is the party responsible for the fulfillment of the obligation described in the bond.

- Who is the Surety?

- The Surety, typically an insurance company, is the party that guarantees the underlying obligation in the event of a default by the principal.

- Who is the Obligee?

- The Obligee is the beneficiary of the bond

[What Is A Surety Bond](https://a1suretybonds.com/learning-center/what-is-a-surety-bond)

[The Principal](https://a1suretybonds.com/learning-center/the-principal)

Surety Bonds 101 - The Parties

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A1 Surety Bonds (The Surety Syndicate, LLC), a nationwide surety bond agency · (800) 737-4880 · info@a1suretybonds.com · https://a1suretybonds.com
Requirements are set by each state or agency and can change; the obligee's current instructions and the law control.