Letter of guarantee from insurance company before litigation

Legal analysis: The provisions on how to deal with the guarantee before the insurance company issues a complaint are as follows: 1. You can apply for a bid guarantee directly at the bank or go to the guarantee company for help. 2. The guarantee company only needs a copy of the business license and an electronic tender document or invitation letter. There are several banks in the guarantee bank that can issue bid guarantees, which are usually delivered by express delivery on the same day and afternoon. Remarks: The handling fee of bid bond is generally charged by the bank or guarantee company according to the ratio of guarantee amount+handling fee. Then every bank or company will have a minimum charge standard, which is usually several hundred yuan. Large banks such as CCB are more expensive, while rural banks are cheaper.

Legal basis: Article 101 of the Civil Procedure Law of People's Republic of China (PRC). In case of emergency, if an interested party does not apply for preservation immediately, which will cause irreparable damage to his legitimate rights and interests, he may apply to the people's court where the property to be preserved is located, where the respondent has his domicile or has jurisdiction to take preservation measures before bringing a lawsuit or applying for arbitration. The applicant shall provide a guarantee. If no guarantee is provided, the application will be rejected. After accepting the application, the people's court must make a ruling within 48 hours; Those ordered to take protective measures shall be executed immediately. If the applicant fails to bring a lawsuit or apply for arbitration according to law within 30 days after the people's court takes the preservation measures, the people's court shall lift the preservation.