The CNA Surety Financial Statement is required when applying for a surety bond through CNA Surety. Completing the form accurately gives underwriters the financial data they need to evaluate your application. Follow these steps to fill it out correctly.
- Gather your financial records. Collect recent bank statements, tax returns, property deeds, and documentation for any outstanding loans before you start.
- Enter personal or business details. Provide your full name, Social Security number, date of birth, and mailing address in the personal information section.
- List all assets. Record each asset category: cash on hand, checking and savings balances, stocks, bonds, real estate market value, and business inventory.
- Disclose all liabilities. Enter outstanding debts including accounts payable, taxes owed, mortgages, and any other loans or financial obligations.
- Complete the schedules. Fill in the loan and receivables schedules with a description of each item.
- Sign and certify. Review all entries for accuracy, then sign the certification confirming the information is true and complete.
Frequently Asked Questions
What is the CNA Surety Financial Statement used for?
It is used by bond underwriters to assess an applicant's financial standing before issuing a surety bond. The form summarizes assets and liabilities to determine creditworthiness.
Who needs to complete this form?
Individuals and business owners applying for a surety bond through CNA Surety are typically required to submit this financial statement.
What documents do I need to complete this form?
You will need bank statements, tax returns, property valuations, and records of all outstanding loans or debts.
For related financial forms, see the Individual Financial Statement, Huntington Personal Financial Statement, and Financial Affidavit on FormsPal.