Washington’s New Uniform Power of Attorney Act: Surety Underwriters Beware

Surety Law Update Winter 2017

A power of attorney is an incredibly powerful document that permits an individual (the “principal”) to appoint someone (the “agent” or “attorney-in-fact”) to act on the principal’s behalf. In the context of the surety-principal/indemnitor relationship, sureties rely heavily on power of attorney clauses included in general indemnity agreements (“GIA”) in order to protect their financial and legal interests in the principal/indemnitor’s property.

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