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Mississippi Gaming Establishment Bond

The Mississippi gaming establishment bond is a requirement of such businesses by the state’s Department of Revenue. Up to a $25,000 requirement, our agency issues this bond without a prior credit check inquiry. Please call AmeriPro Surety Bonds at 844-589-9732.

Mississippi Gaming Establishment Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond; Amount and Purpose

 

 

 

Gaming establishments in Mississippi may elect to furnish evidence of financial responsibility by procurement of a surety bond — either by itself — or in combination with an irrevocable letter of credit (ILOC).

ILOC’s are supplied by a banking institution.

Assuming only the issuance of a surety bond, the amount required is equivalent to the total account balances of the fantasy contest players. The purpose of the surety bond requirement is to serve as a financial guarantee which protects the players’ monies. (HB Section 9, 97-33-303, as amended).

 

 

 

Qualifying and the Premium

 

 

 

Our agency offers you the Mississippi gaming establishment bond in the amount required of your business. Additionally, applicants who have a requirement up to $25,000 will be automatically approved as there is no underwriter review or credit check inquiry.

Candidates for a surety bond greater than $25,000 require both an underwriter review and credit check review.

Regardless of the surety bond amount, our agency will require the following from you:

  • A completed, signed and witnessed surety bond application. The application is short, and we will go over what’s needed with you;
  • If the bond required is greater than $25,000, submission of the application and review by an underwriter. The review process will include a credit check inquiry. To be approved, good credit will be required.
  • Payment of the first annual premium.

Upon approval of your Mississippi gaming surety bond and payment of the, the bond is issued to you along with a Power of Attorney form.

We will sign you bond as Surety; and upon receipt, you’ll sign your bond as Principal.

You will then need to file your surety bond and POA form to the following address:

Mississippi Department of Revenue

P.O. Box 139

Jackson, MS 39205

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety only agency which offers license and permit, court, probate, and other surety bonds in Mississippi and all 50 states.

We are a surety bonds-only agency.

Please call us today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety 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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