Surety bonds
Obligee
The party a surety bond protects. For a license bond it is the government agency that requires the bond and can claim against it.
The obligee is the party a bond protects, usually the state agency or government body that requires the bond as a condition of a license. The bond exists for the obligee's benefit.
Reading a bond requirement starts with identifying the obligee, because the bond form, amount, and wording are set by them. Matching the bond exactly to what the obligee specifies prevents a rejected filing.
Related terms
Where this comes up
Obligee is one piece of getting and keeping a business licensed. We handle the filings, bonds, and renewals that surround it across every state where you operate.