Consider the following statements with respect to Surety Bonds:
1. Surety Bond is a two-party agreement.
2. IRDAI has formed a panel under G Srinivasan, director, National Insurance Academy, to assess the suitability of the Indian insurance industry or any other sector to offer Surety Bonds.
3. Currently, Surety Bond for contractors is not being offered by insurance companies in the market.
Which of the above statements is/are correct?