1. Application to NZEC
- Complete an application form relative to the type of guarantee you need, and provide supporting information.
- An assessment fee will apply.
2. Assessment by NZECO
- Our underwriters assess your application.
- Additional information may be sought from you, your bank, insurer and /or your buyer.
- We then make a decision on your application.
3. If your application is approved
- We will send you a Letter of Offer which will include our pricing and any special terms or condition for support.
- You notify us that you accept the offer.
- You or your bank receive our Policy documents for signing.
- We sign the Policy documents.
- You pay the Premium and any other fees that may be required.
- You provide us with notice of payments/shipment and achievement of performance milestones as required under the Policy documents.