A SAG-AFTRA Surety Bond must be furnished by those issued a franchise to conduct business as a Screen Actors Guild-American Federation of Television and Radio Artists (“SAG-AFTRA”) franchised talent agency. The surety bond is conditioned upon the bonded principal's compliance with SAG-AFTRA’s Regulations Governing Agents under Rule 16(g) and/or Rule 12C, respectively (“Agency Regulations”) and all of the laws and regulations governing the acts of talent agencies in the state of New York. The surety bond also serves to protect any person anyone who sustains actionable inquires or suffers financial losses or damage resulting from the actions or wrongful acts of the bonded principal, its agents, or employees. The aggregate liability of the surety bond is limited to the penal sum of the bond. The bond is continuous in nature and remain in full force and effect throughout the term that the talent agent maintains a SAG-AFTRA franchise unless terminated or cancelled by the surety company.
