Section 553.31 - How can I use a surety bond as OSFR evidence?(a) Each bonding company that issues a surety bond that you submit to BOEM as OSFR evidence must:(1) Be licensed to do business in the State in which the surety bond is executed;(2) Be certified by the U.S. Treasury Department as an acceptable surety for Federal obligations and listed in the current Treasury Circular No. 570;(3) Provide the surety bond on Form BOEM-1020; and(4) Be in compliance with applicable statutes regulating surety company participation in insurance-type risks.(b) A surety bond that you submit as OSFR evidence must include all the information required by § 553.41 .