Continuous bonds
Continuous bonds remain active until the surety cancels under the form’s notice rules. Premiums often renew annually even when the bond document does not show a hard end date.
Surety education
Continuous vs term bonds
Some bonds stay in force until canceled; others expire on a fixed date tied to a license or project. Premium renewal and bond expiration are not always the same event.
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What to know
Term-based bonds
Term bonds carry effective and expiration dates—often aligned to a license cycle, registration year, permit, or project period. Keep the bond term matched to what the obligee requires.
Last verified 2026-08-05. Universal surety concepts—not state-specific licensing rules.
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