Delaware Motor Fuel Distributor Bond |
AmeriPro Surety Bonds | 844-589-9732
Surety Bond and Amount
Delaware motor fuel distributors are defined by state legislation in 30 Del C, c. 51 §5101(1) as “…any…firm…who imports or causes to be imported into the State gasoline, for use, distribution, storage, or sale after the gasoline reaches the State…”
A condition of licensing with the state is that you obtain evidence of financial responsibility in the form of a surety bond. Current rules are that the amount of surety is a minimum of $5,000, but no more than $200,000.
The Delaware Motor Fuel Tax Administration will inform you of the surety bond required of you.
Qualifying and the Premium
When you call our agency, qualifying for the Delaware motor fuel distributor bond includes completing a short surety bond application. We’ll begin the application with you over the phone, but your signature and that of a witness are also required.
Included in the approval process of underwriting your bond, there is also a credit check.
Approval will be determined by having good and satisfactory credit; the rate offered is 1%, with a minimum of $100, annually.
After approval of your application and the payment of your premium, the bond is issued to you immediately. Included with your surety bond will be a Power of Attorney form.
Upon receipt by mail, you’ll sign your bond as Principal, filing it along with the POA form provided to:
State of Delaware
Motor Fuel Tax Administation
PO Box Drawer E
Dover, DE 19903
Surety Bond Term
Your bond is issued with a standard period of one year. Applicants who anticipate the same surety bond requirement for more than 1 year may prepay the premium up to 3 years, which offers you a savings over annual renewals.
Purpose of this Requirement
Your surety bond serves as a financial guarantee of filing all true reports with the Tax Administration and paying taxes, fees, and interest charges as assessed, in a timely manner.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in Delaware and all 50 states.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will call you.