Performance Bonds are issued by insurance companies - but they are not insurance policies. When you get to the end of your auto insurance, it will expire if not renewed. Plus, the company can cancel it in the middle of the year. Boom, it's done! Insurance policies are not "forever." With surety bonds it's different. First off, they're harder to get. Then, when you finally have it, they don't expire! And the bonding company can't cancel a performance bond. So how do they end?
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