40 Pa. Stat. § 835
Any surety company which is authorized to do business in this Commonwealth in accordance with the provisions of this act is authorized to execute any bond, recognizance, or other obligation which is required by law or by the charter, ordinances, rules, or regulations of any municipality, board, body, or public officer, to be given with surety or sureties. The execution by such company of any such bond, recognizance, or obligation shall be a full and complete compliance with every requirement of such law, charter, ordinance, or rule, and obligation, that such bond, obligation, or recognizance shall be executed by one or more sureties, or that such sureties shall be residents, householders, freeholders, or possess any other qualifications.
40 P.S. § 835