Alaska Injunction Bond
AmeriPro Surety Bonds | 844-589-9732
Alaska Preliminary Injunction Order
At a recent court appearance somewhere in Alaska, you (and legal counsel) may have been told that as a condition of granting a temporary restraining order, you are required to obtain an injunction surety bond.
Without the bond, the temporary restraining order may not be granted, as per the Court. If your Order were granted ex parte, you may have been told to obtain an Alaska temporary restraining order bond.
Both bonds are related and both are offered by our agency.
What An Injunction Bond Is…
An injunction bond is required of a Plaintiff, by order of the Court, on behalf of at least one Defendant.
The surety bond is a financial guarantee, for the Defendant(s), that if the Court subsequently determines that the preliminary injunction or temporary restraining should not have been issued, the Defendant may be financially compensated due to the loss or harm as a result of the enjoining order.
Qualifying and the Premium
Our agency offers the Alaska injunction bond in whatever amount required. Up to and inclusive of a $25,000 surety bond amount, we offer streamlined processing for this bond. The premium is 2% or $100, whichever amount is greater.
What this means for you is that we offer this bond without a credit check inquiry.
Regardless of the injunction surety bond amount required, we’ll need the following before being able to issue your bond:
- A copy of the Court Order which states the amount of surety required. This Order will also provide us with other needed information to be included on your bond (i.e. the case number, parties to the case, etc.);
- A completed application. For an injunction bond greater than $25,000, the application must be signed and witnessed (it does not need to be notarized);
- For an injunction bond greater than $25,000, a credit check is required. Good credit is required for approval; otherwise without it, you may be required to place full cash collateral to obtain your bond.
- Approval with acceptable credit for an injunction surety bond amount greater than $25,000 is at 2% of the surety bond’s amount annually.
Once all documents are received, your bond is approved, and the premium payment is made, our agency issues your bond to you immediately.
Upon receipt by mail, you’ll sign your original bond as Principal, and file it with the Power of Attorney form to the Clerk of the Court. It is the original surety bond that you’ll want to file with the Court.
Annual Renewal of Premium
The premium associated with your injunction bond is not a onetime payment but renews annually on the anniversary of your bond’s issuance for as long as surety is required by the Court.
Options exist to prepay your bond up to 3 years which offers you a savings over annual renewals. However, should your case be resolved within any payment period, neither a full or prorated refund is offered.
Purpose Of Your Surety Bond Requirement
The Alaska legislature, Rule 65 provides inquirers information about injunctions. The highlighted yellow portion was highlighted by the state of Alaska, not our agency; and it is this portion that mentions “security” – which would be a surety bond, and the reason for the requirement as discussed above.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide injunction surety bonds and temporary restraining order bonds wherever required, nationwide.
Our agency is also a provider of license and permit, court, and probate bonds in Alaska and all 50 states.
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