North American Product Classification System (NAPCS) Canada 2017 Version 2.0

• 763 - Other insurance services
• 76314 - Other non-life insurance products

763141 - Surety bonds and related products

This subclass comprises the sale of surety and related products, in which one party guarantees the performance of a second party vis-à-vis another, thereby establishing a three-party relationship. The three parties are the principal (the party that undertakes the obligation), the surety (the party that guarantees that the obligation will be performed), and the obligee (the party that receives the benefit of the bond if the principal fails to meet the obligation).