Action by insured or beneficiary against surety on contractor's performance bond

(1) A civil action brought in this state by or in behalf of an insured or beneficiary against a domestic or foreign surety on a contractor's payment or performance bond may be brought in the county:(1) In which the loss occurred;(2) Of the insured's residence at the time of loss; or(3) Of the beneficiary's residence at the time of loss.

(1) In which the loss occurred;

(2) Of the insured's residence at the time of loss; or

(3) Of the beneficiary's residence at the time of loss.