AXA XL’s XL Specialty filed a new lease rental bond program in Georgia under the commercial surety line, targeting tenants and landlords with coverage designed to guarantee rent payments and security deposits under lease agreements.

The filing introduces an independent rating plan and rules for the new “Guarantors” program, with a requested effective date of July 15, 2026.

According to the filing memorandum, the bond is triggered when a tenant fails to fulfill payment obligations under a lease and the landlord repossesses the unit. AXA XL said the program is designed to compete with offerings from Everspan and Trisura that target the same class of business.

The rating structure uses factors including credit score, rent coverage amount, deposit coverage amount, collateral provided by the tenant, upfront payment elections, and schedule rating adjustments tied to landlord management practices and tenant screening procedures. Base rates range from 15.62% for applicants with credit scores above 800 to 42.86% for applicants below 500. Corporate applicants carry a 26% base rate.

The filing also includes discounts for returning tenants, upfront premium payments, and collateralized obligations. Tenants who pay premiums upfront receive a 30% discount, while returning principals renewing bonded leases receive a 25% discount.