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Does the applicant for letter of guarantee need to get a seal?

The party concerned can provide a policy guarantee from an insurance company or a deposit guarantee from a financial institution as a guarantee for property preservation. When applying to an insurance or financial institution, the party concerned shall perform relevant procedures in accordance with the requirements of the institution. In principle, the application requires his/her signature and fingerprint; if an application is made by an organization, the signature of the legal representative or authorized agent is required, and the application is stamped by the organization. Official seal.

?Any insurance company that has been registered by the China Insurance Regulatory Commission to carry out litigation property preservation liability insurance business shall issue a letter of guarantee to the people's court for the applicant for litigation property preservation (if the application for litigation property preservation is incorrect, the insurance company shall bear the irrevocable joint and several liability. Liability for compensation), courts at all levels will recognize and accept it. Link to legal articles: Relevant provisions of the "Civil Procedure Law"

1. Article 100: In cases where the conduct of one of the parties or other reasons may make it difficult to execute the judgment or cause other damage to the parties, the people's court shall Based on the application of the other party, the people's court may rule to preserve the property of the other party, order it to perform certain acts, or prohibit it from performing certain acts; if the party fails to apply, the people's court may also rule to take preservation measures when necessary.

The People's Court may order the applicant to provide a guarantee by taking preservation measures. If the applicant fails to provide a guarantee, the People's Court shall rule to reject the application.

After the People's Court accepts the application, it must make a ruling within 48 hours if the situation is urgent; if it decides to take preservation measures, its implementation shall begin immediately.

2. Article 104 In a property dispute case, if the respondent provides a guarantee, the people's court shall rule to terminate the preservation.

3. Article 105 If there is an error in the application, the applicant shall compensate the respondent for the losses suffered due to preservation.