I.   Introductory Provisions

Sureties are the thirteenth of thirty-three (33) Administrative Elements of Trust being written promises to pay or perform as a solemn guarantee in trust against some other obligation or liability.

The legal concept of Surety comes from Anglaise (Old French) surete meaning “certainty; trust” and literally “my pledge to you” in accord with 8th Century Sacred Law by the Carolingians whereby each Party to an agreement would furnish a vocal Surety to the other Party as valid proof of an agreement, usually then memorialized in writing and then proven by the issue of Vouchers to one another for the conclusion of certain transactions. Surety therefore has always been considered the mutual promises and pledges “underwriting” valid agreements under Sacred Law since the 8th Century.

The word Surety comes from three Latin words, the first being sui meaning “my, myself, him, himself, themselves” and res meaning “object, circumstance, case, matter, fact, truth, money, property or interest” and te meaning “you”.

A Surety is an assurance and solemn promise given in good faith trust and therefore is not the same as a “Security” which is a bonding given without assurance or trust (hence in+surance or not assurance).

Given Surety is a solemn promise given in good faith trust, Assurance is always superior in underwriting to Insurance.