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
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.
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