Alaska Premium Finance Company Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of Alaska Premium Finance Companies
The Alaska Division of Banking and Securities is the regulator and licensing authority for premium finance companies. Questions concerning specific aspects of licensing can be directed to them at 907-465-2521.
A prerequisite for licensing is that you furnish this government agency with a $5000 surety bond. Your surety bond renews on December 31st.
Qualifying and the Premium
You are automatically for the $5000 Alaska premium finance company bond. The premium is just $100 annually, and there is no credit inquiry involved in its purchase.
When you call us, we’ll just take the application from you over the phone. Really, this consists of providing us with the name, exactly as it should appear on your bond, along with your contact information.
After payment of the $100 premium, your bond and a Power of Attorney (POA) form are issued and mailed to you.
Upon receipt, you’ll sign your bond (it is not valid without your signature) and mail all documents received to:
State of Alaska
Department of Community and Economic Development
Division of Banking and Securities
P.O. Box 110807
Juneau, AK 99811-0807
Annual Renewal of Your Premium
The $100 premium for your premium finance bond renews on December 31st. You may prepay your premium up to 3 years, thereby offering you a savings over annual renewals.
The premium prepayment options look as follows:
- If prepaid for 2 years, the premium is $180, a $20 savings;
- If prepaid for 3 years, the premium is $260, a $40 savings.
Regardless of the term issued, the expiration date of your bond will be December 31st.
Purpose Of Your Surety Bond Requirement
As a premium finance company, the Alaska Premium Financing Act is the body of legislation which concerns your profession.
Your surety bond is a financial guarantee for the state of Alaska and consumers that you will be in compliance with provisions of the Act, as amended.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Alaska.
Our agency is an online aggregator of surety bonds, and we provide license and permit, court, probate and other surety bonds in all 50 states.
Please call us today at:
Or, you may fill out the form below and a Surety Agent will contact you…