SF 273 Reinsurance Agreement for a Bonds Statute Performance Bo

Reinsurance Agreement For A Bonds Statute Performance Bond OMB Control Number: 9000-0001
Expiration Date: 1/31/2027
(See instructions on Page 3)
1. Direct Writing Company*

1A. Date Direct Writing Company
Executes This Agreement
1B. State Of Incorporation

2. Reinsuring Company*

2A. Amount Of This Reinsurance ($)
2B. Date Reinsuring Company Executes
This Agreement
2C. State Of Incorporation

3. Description Of Contract

4. Description Of Bond

3A. Amount Of Contract

4A. Penal Sum Of Bond

3B. Contract Date 3C. Contract Number

4B. Date Of Bond 4C. Bond Number

3D. Description Of Contract

4D. Principal*

3E. Contracting Agency

4E. State Of Incorporation (If Corporate Principal)

*Items 1, 2, 4D - Furnish legal name, business address and ZIP Code.
Authorized For Local Reproduction
Previous Edition Is Not Usable

STANDARD FORM 273 (REV. 10/2023)
Prescribed by GSA - FAR (48 CFR) 53.228(h)

Agreement:
(a) The Direct Writing Company named above is bound as surety to the United States of America on
the performance bond described above, wherein the above described is the principal, for the
protection of the United States on the contract described above. The contract is for the
construction, alteration, or repair of a public building or public work of the United States, and the
performance bond was furnished to the United States under 40 U.S.C. chapter 31, subchapter III,
Bonds, known as the Bonds Statute. The Direct Writing Company has applied to the Reinsuring
Company named above to be reinsured and counter-secured in the amount shown opposite the
name of the Reinsuring Company (referred to as the "Amount of this Reinsurance"), or for whatever
amount less than the "Amount of this Reinsurance" the Direct Writing Company is liable to pay
under or by virtue of the performance bond.
(b) For a sum mutually agreed upon, paid by the Direct Writing Company to the Reinsuring Company
which acknowledges its receipt, the parties to this Agreement covenant and agree to the terms and
conditions of the agreement.
Terms And Conditions:
(a) The purpose and intent of this agreement is to guarantee and indemnify the United States against
loss under the performance and to the extent of the "Amount of this Reinsurance," or any sum less
than the "Amount of this Reinsurance" that is owing and unpaid by the Direct Writing Company to
the United States under the performance bond.
(b) If the Direct Writing Company fails to pay any default under the performance bond equal to or in
excess of the "Amount of this Reinsurance," the Reinsuring Company covenants and agrees to pay
to the United States, the obligee on the performance bond, the "Amount of this Reinsurance." If the
Direct Writing Company fails to pay to the United States any default for a sum less than the "Amount
of this Reinsurance" the Reinsuring Company covenants and agrees to pay to the United States the
full amount of the default, or so much thereof that is not paid to the United States by the Direct
Writing Company.
(c) If there is a default on the performance bond for the "Amount of this Reinsurance," or more, the
Reinsuring Company and the Direct Writing Company hereby covenant and agree that the United
States may bring suit against the Reinsuring Company for the "Amount of this Reinsurance" or, in
case the amount of the default is for less than the "Amount of this Reinsurance," for the full amount
of the default.
Witness:
The Direct Writing Company and the Reinsuring Company, respectively, have caused this
Agreement to be signed and impressed with their respective corporate seals by officers possessing
power to sign this instrument, and to be duly attested by officers empowered thereto, on the day and
date above written opposite their respective names.
5. Direct Writing Company
5A(1) Signature
5B(1) Name And Title (Typed)

(2) Attest: Signature
(2) Name And Title (Typed)

Corporate
Seal

STANDARD FORM 273 (REV. 10/2023) PAGE 2

6. Reinsuring Company
6A(1) Signature
6B(1) Name And Title (Typed)

(2) Attest: Signature
(2) Name And Title (Typed)

Corporate
Seal

Instructions
This form is to be used in cases where it is desired to cover the excess of a Direct Writing Company's
underwriting limitation by reinsurance instead of co-insurance on Bonds Statute performance bonds
running to the United States. See FAR (48 CFR) 28.202(a)(4) and 53.228(h).
Execute and file this form as follows:
Original and copies (as specified by the bond-approving officer), signed and sealed, shall accompany the
bond or be filed within the time period shown in the bid or proposal.
One copy, signed and sealed, shall accompany the Direct Writing Company's quarterly Schedule of
Excess Risks filed with the Department of the Treasury.
Other copies may be prepared for the use of the Direct Writing Company and Reinsuring Company. Each
Reinsuring Company should use a separate form.
Paperwork Reduction Act Statement
This information collection meets the requirements of 44 USC § 3507, as amended by section 2 of the
Paperwork Reduction Act of 1995. You do not need to answer these questions unless we display a valid
Office of Management and Budget (OMB) control number. The OMB control number for this collection is
9000-0001. We estimate that it will take 1 hour to read the instructions, gather the facts, and answer the
questions. Send only comments relating to our time estimate, including suggestions for reducing this
burden, or any other aspects of this collection of information to: U.S. General Services Administration,
Regulatory Secretariat Division (MVCB), 1800 F Street, NW, Washington, DC 20405.
STANDARD FORM 273 (REV. 10/2023) PAGE 3