Who is the Surety Bond Obligee?

The surety bond obligee is the party of a surety bond to whom the surety bond principal is guaranteeing they will fulfill their obligations and for whose protection the bond is written.

For example, with license and permit surety bonds the obligee is the party granting a specific license or permit to the principal in order to operate their business.  The bond is the financial agreement that the principal will operate their business according to the laws and regulations for that particular industry within that state.  Examples of these types of surety bonds include mortgage broker bonds, insurance agent bonds, auto dealer bonds, contractor bonds or health club bonds.