Items 1 and 2: the two companies
Legal name, business address and ZIP Code, execution date and state of incorporation for each company, plus the Amount Of This Reinsurance in dollars in item 2A.
SF274
Reinsurance Agreement for a Bonds Statute Payment Bond
- Agency
- GSA
- Revision
- Rev. 10/2023
- Fillable fields
- 25
- Pages
- 4
- Official source
- GSA form page
- Checked
- October 20, 2026
Standard Form 274 (SF 274): Reinsurance Agreement for a Bonds Statute Payment Bond
Standard Form 274 (SF 274), Reinsurance Agreement for a Bonds Statute Payment Bond, is prescribed by GSA under FAR (48 CFR) 53.228(i), and GSA hosts it in its forms library. The footer prints STANDARD FORM 274 (REV. 10/2023), and the form carries OMB Control Number 9000-0001 with an expiration date of 1/31/2027.
The instructions say the form is used where it is desired to cover the excess of a Direct Writing Company's underwriting limitation by reinsurance instead of co-insurance on Bonds Statute payment bonds running to the United States. The payment bond it describes is for the use of persons supplying labor or material on a contract for the construction, alteration, or repair of a public building or public work of the United States, furnished under 40 U.S.C. chapter 31, subchapter III, known as the Bonds Statute.
GSA's page says the form is intended for use by government contractors and contracting personnel. You can fill it out free in your browser on this page and download the result without an account.
What's on SF 274
Item 3: description of contract
Amount of contract, contract date, contract number, a description of the contract and the contracting agency.
Item 4: description of bond
Penal sum of bond, date of bond, bond number, the principal's legal name and address, and the state of incorporation if the principal is a corporation.
Agreement and terms
The printed agreement, the purpose of protecting laborers and materialmen, and four numbered covenants on payment, suit, process agent and the agreement being part of the payment bond.
Items 5 and 6: signatures and seals
For each company, a signature, an attest signature, typed names and titles, and a corporate seal.
The form has six numbered items, the agreement terms and the instructions on page 4.
How to complete SF 274
- 1
Name both companies
The form marks items 1, 2 and 4D for the legal name, business address and ZIP Code. Enter each company's execution date and state of incorporation.
- 2
Enter the amount of reinsurance
Item 2A holds the Amount Of This Reinsurance in dollars for the Reinsuring Company named on the form.
- 3
Describe the contract and bond
Complete item 3 for the contract and item 4 for the payment bond, including the penal sum, bond number and principal.
- 4
Sign, attest and seal
The witness clause says the agreement is signed and impressed with corporate seals by officers possessing the power to sign, attested by officers empowered to do so, on the date in item 1A.
- 5
File the original and copies
The original and copies specified by the bond-approving officer accompany the bond or are filed within the time period shown in the bid or proposal. One signed and sealed copy accompanies the quarterly Schedule of Excess Risks.
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Filing, suits and paperwork notice
Where it goes
With the bond, or within the time period shown in the bid or proposal, in the number of copies the bond-approving officer specifies. One copy goes with the Direct Writing Company's quarterly Schedule of Excess Risks filed with the Department of Treasury.
Suits on the agreement
The form says persons given a right of action on the payment bond by 40 U.S.C. 3133 may bring suit against the Reinsuring Company in the United States District Court for the district in which the contract is to be performed and executed.
Service of process
The Reinsuring Company designates the process agent appointed by the Direct Writing Company in that district, and the process agent sends a copy of the process by registered mail to the Reinsuring Company.
Regulations named on the form
The instructions point to FAR (48 CFR) 28.202(a)(4) and 53.228(i).
Time to complete
The Paperwork Reduction Act statement estimates 1 hour, under OMB control number 9000-0001. Comments on the estimate go to U.S. General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street, NW, Washington, DC 20405.
Related forms
Who completes SF 274?
The form is an agreement between two companies, and it names the people it protects.
Official sources and the blank
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Questions about Form SF274
Who issues SF 274?
The footer says Prescribed by GSA, FAR (48 CFR) 53.228(i). GSA hosts the form in its forms library.
Whom does SF 274 protect?
The form says its purpose is to guarantee and indemnify the persons who furnished or supplied labor or material on the contract, called "laborers and materialmen," and to make them obligees under the agreement.
Who counts as a materialman on SF 274?
The form says the term includes persons having a direct contractual relation with a subcontractor but no contractual relationship with the contractor who furnished the payment bond.
Is SF 274 part of the payment bond?
The form says the Reinsuring Company and the Direct Writing Company agree that the Reinsurance Agreement is an integral part of the payment bond.
How does SF 274 differ from SF 273?
SF 274 reinsures a Bonds Statute payment bond for laborers and materialmen. SF 273 is the reinsurance agreement for a Bonds Statute performance bond.
Can one SF 274 cover several reinsuring companies?
The form says each Reinsuring Company should use a separate form.