iSwiss Insurance LLC
iSwiss Insurance LLC, headquartered at UAE, Sharjah, City Media Sharjah, registered under the number 2219522 in the Business Register, is authorized to carry out insurance and life insurance activities (branches 651, 6511, 6512) with license number 2219522.01 issued by the Government of Sharjah, Dubai (UAE), valid in the United Arab Emirates and all jurisdictions where such services can be provided in compliance with current regulations. The company is also authorized to issue surety bonds within the legal limits, in the jurisdiction of the United Arab Emirates and in all jurisdictions where such services can be provided in compliance with current regulations. By the Policyholder's proposal and the information provided by the Policyholder and the Beneficiary regarding the subject of the surety as indicated in the field at the bottom of this cover page of the Surety Agreement, this guarantee establishes iSwiss Insurance LLC as a simple surety for the Policyholder. The Policyholder accepts, on behalf of themselves and their successors and assigns, declaring joint and several liability for the obligations arising from this contract, under the general terms and conditions below or available on the iSwiss Insurance LLC website, for the compensation of definitive losses resulting from the non-compliance with the contractual obligations specified in the subject of the surety.
This are the terms of all our Policies.
The Guarantor shall not be able to withdraw during the effective period of this guarantee, which shall cease upon the precise fulfillment of the recovery activity concerning the recovery of credits. The Guarantor expressly states a waiver of the benefit of prior recourse to the main debtor, intending and declaring to remain jointly liable with the aforementioned beneficiary until the time when the same will release this surety, with a specific declaration, while respecting the stated policy expiration. In the event that circumstances necessitate total or partial collection of the amounts guaranteed by the surety in favor of the beneficiary, the guarantor commits irrevocably to immediately pay the beneficiary upon a simple written request, without the need for any proof or justification, with any defense waived, and without any prior communication, notice, demand, or request to the entity, all amounts that the beneficiary will claim under the aforementioned title, up to the specified amount, within a maximum period of 30 days from receiving the request. The beneficiary (or beneficiaries) and the policyholder declare that they have reviewed the authorization license of the Insurance Company, have been informed that the company is subject to the applicable laws and regulations in the United Arab Emirates, operates from its headquarters in the aforementioned jurisdiction, and can operate in any foreign jurisdiction where permitted by local laws. The beneficiary (or beneficiaries) and the policyholder declare that they have independently verified the eligibility of the services provided by the Insurance Company in their jurisdiction, hereby releasing the Insurance Company in advance from any liability and/or damage, as well as from any present and future claims. The beneficiary (or beneficiaries) and the policyholder declare that the insurance services marketed are provided remotely and at a distance from the headquarters in Dubai, United Arab Emirates jurisdiction, and any disputes are subject to the laws of the United Arab Emirates.