A Missouri public officer may be required as a condition of holding office to file a surety bond. The surety bond, although required, is not for the benefit of the officeholder; it is for the benefit of the municipality or entity which requires the surety bond.
Our agency will be able to provide you with the public official bond you need in the amount required.
Missouri Public Official Bond: Residential Restrictions
According to the Missouri Revisor of Statutes, 107.010, a public official must be a resident of the county in which the Missouri public official bond is required.
The price of the Missouri public official bond is typically a flat price, and with our agency, requires no credit check.
A $100,000 public officerholder bond may be as low as $400 annually.
Qualifying for this bond is accomplished by submission of a standard surety bond application. Additionally, in accordance with state statutes, you may be required to provide evidence of your own financial solvency. This is especially so if the bond amount is $25,000 or more.
For purposes of demonstrating financial solvency, this is accomplished by means of providing a financial statement to accompany your surety bond application.
Although the premium for your bond may be paid by the state or municipality where you hold office, for purposes of securing your bond, to issue the bond our agency will first need to receive the premium from source.
The bond is a financial guarantee which ensures that you as a public official will faithfully honor your duties and perform such duties in accordance with the law.
The bond protects the city – not you as a public officeholder --- from acts of malfeasance and misfeasance in the commission of your duties.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and fiduciary surety bonds throughout Missouri and nationwide.
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