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Tennessee bonds

Cumberland Electric Membership Corporation (CEMC), TN — Utility Deposit Bond

Prepare CEMC deposit security using Cumberland Electric Membership Corporation's request for your Tennessee electric account. Match the member/customer named in that request before applying.

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Recorded state
Tennessee
Category
Utilities

What this bond does

This offering concerns electric-account payment security under the corporation's accepted bond.

Who needs it
CEMC customers directed to provide utility deposit-bond security.
Who it protects
The named corporation receives security for the stated account obligation. The customer remains responsible for electric bills.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Details

Use the full Cumberland Electric Membership Corporation recipient wording. CEMC initials alone do not establish a legal recipient or covered account. Membership, the account customer and the person signing the application should not be treated as interchangeable details.

One application option is offered without fixed amount or term choices. Have CEMC's amount, accepted form and effective date ready. Purchase Now opens Propeller in a new tab. After issuance, review and submit the bond as CEMC instructs; utility acceptance, membership and service activation are separate from applying.

Sources

Have these ready

  1. CEMC's written request and accepted bond form.
  2. Legal customer/member, Tennessee service address and account reference.
  3. Required amount, effective date and delivery instructions.

Questions about this bond

Can I identify the recipient by CEMC initials alone?

Use the full recipient wording on Cumberland Electric Membership Corporation's request.

Does this complete membership?

The provider application concerns the bond. Complete membership and service requirements directly with CEMC.

Will a deposit calculation from another cooperative work?

Use CEMC's amount for the account rather than another cooperative's formula.

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