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Alaska Viatical Settlement Provider Bond

The $200,000 Alaska viatical settlement provider bond may have a premium between 1.5% – 10%. The amount required is determined by information in your application and, significantly, your credit score and report. Please call AmeriPro Surety Bonds at 844-589-9732.

Alaska Viatical Settlement Provider Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing of Viatical Settlement Providers

 

 

 

Viatical settlement providers are in the business of providing life insurance policyholders who are suffering from a life threatening illness with the ability to “cash out”, at a discounted amount, from the death benefit value of a policy, in exchange for surrendering the policy.

In Alaska, the NIPR website may be used to begin the process of licensing.

You are also required to obtain a $200,000 surety bond as a condition of obtaining a license.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the $200,000 Alaska viatical settlement provider surety bond includes the completion of an application and undergoing a review by an underwriter. The application in some cases may be submitted by you with an electronic signature.

As part of the review process, a credit inquiry will be required. Because of the bond’s large amount, in some cases you may be asked to provide “additional information”; however, this is not always the case.

Approval for this bond is almost entirely based on you credit. The premium can range from 1.5% of the bond’s amount to 10%.

Upon approval of your bond and payment of the premium, it is issued to you immediately. Your bond and a Power of Attorney (POA) form are sent to you for filing.

Upon receipt of your original papers by mail, you’ll sign your bond and file all documents received to:

State of Alaska

Department of Commerce, Community, & Economic Development

Division of Insurance

P.O. Box 110805, 333 Willoughby Avenue

Juneau, AK 99811-0805

907-465-2515

 

 

 

Surety Bond Term

 

 

 

The premium for your viatical settlement provider bond is for one year from the date of issuance and renews on the anniversary of its issuance. An active surety bond must always be on file with the state’s Division of Insurance as a condition of continued licensing.

 

 

 

Purpose Of Your Surety Bond Requirement

 

 

 

The purpose of this surety bond is a financial guarantee which ensures your compliance with Alaska Insurance Regulation 3 AAC 31.315, as amended.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide viatical settlement provider surety bonds wherever required nationwide.

Our agency is also an online aggregator of license and permit, court, probate and other surety bonds in Alaska and all 50 states.

Please call us today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you…

Apply Today!

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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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