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Alabama Premium Finance Company Bond

The $35,000 Alabama premium finance company bond is a Department of Insurance requirement. Our agency offers excellent pricing on this surety with several prepayment options for those who qualify. Please call AmeriPro Surety Bonds at         844-589-9732.

Alabama Premium Finance Company Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Premium Financing – Alabama

 

 

 

The Alabama Department of Insurance regulates premium finance companies. As part of the licensing process, you must provide:

  • An application along with a $200 license fee to the Commissioner of Insurance;
  • The premium and finance agreement;
  • Delinquent and cancellation notices;
  • A rate chart;
  • A $35,000 surety bond.

 

 

Qualifying – Estimated Premium

 

 

 

Qualifying for the Alabama premium finance company bond is by means of a standard surety bond application and an underwriter credit check review.

Our agency can begin the process with you over the phone by pre-filling much of your surety bond application. The application will be sent to you by email for completion, which will also require your signature.

A qualified applicant will pay about $275 annually for this surety bond.

Once the bond has been approved and the premium paid, a copy of the bond can be sent to you by email for no additional charge. The original surety bond, which you will need to sign as Principal, will be sent in the mail by the following business day.

 

 

 

Additional Premium Payment Option

 

 

 

Applicants who qualify at the pricing above will also have the option to prepay this premium finance company surety bond for two or 3 years. Prepayment of the premium offers you a savings over year to renewal of the surety bond premium, besides less frequent intervals.

The breakdown for premium prepayment is as follows:

  • Prepayment for 2 years will have a premium of $473;
  • Prepayment for 3 years will have a premium of $684.

 

 

The Purpose of this Surety Bond

 

 

 

The purpose of this surety bond is a financial guarantee which ensures your compliance with all Alabama premium financing laws and regulations. The bond protects against the consumer in case of a breach of contract by a premium financing company.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Alabama.

Our agency also provides surety bonds nationwide.

Please call us today at:

 

844-589-9732

 

 

Or, you may fill out the form below and an agent will contact you…

 

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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