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FIS 0506 (09 09) Office of Financial and Insurance Regulation Page 1 of 3

FIS 0506 (09 09) Office of Financial and Insurance Regulation Page 1 of 3-2025

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The document is a surety bond form required by the Michigan Department of Insurance and Financial Services for applicants seeking a license to operate as debt management companies. It outlines the obligations of the principal (the firm or individual applying for the license) and the surety company, including the amount of the bond, conditions for its validity, and procedures for termination. The bond ensures that the principal will faithfully account for all funds collected from clients.

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