underwriter

But it was also unpopular among the bloc’s richest nations that are the underwriters of such debt, and net contributors to the bloc’s spending.

State Attorney General Letitia James’ office filed papers giving Trump’s lawyers or the bond underwriter 10 days to “justify” the bond — essentially, to show that the company can make good on it.

The court ruled after Trump’s lawyers complained it was “a practical impossibility” to get an underwriter to sign off on a bond for the $454 million, plus interest, that he owes.

They said potential underwriters were requiring 120% of the judgment, or over $557 million, in collateral and would take only cash or other liquid assets, not real estate.

Citizens is Florida’s largest underwriter of home insurance policies, with 1.2 million policies at the end of last year.