First Founders Assurance Company, part of Trisura, has filed a new Contract and Commercial Surety Program in California as the newly licensed insurer seeks to expand its surety offerings in the state.
The filing introduced rates, rules, underwriting guidelines, and rating manuals covering contract construction surety bonds and commercial transactional surety bonds. According to the filing, the program was intended to support a broad range of contract and commercial surety risks. “This filing introduces a new Contract and Commercial Surety program for the newly licensed First Founders Assurance Company (NAIC #12150),” the company stated in its filing memorandum.
However, the California Department of Insurance rejected the submission at intake on June 11, 2026, determining that the application was incomplete.
