The Montana Secretary of State licenses and regulates viatical settlement providers. A condition of licensing is that you include a copy of your $50,000 surety bond along with other documentation.
Our agency offers this bond for first time applicants and those looking to renew their surety bond with a different agency.
Qualifying for your $50,000 viatical settlement provider bond includes an application --- which we’ll take from you over the phone --- but which you’ll also need to sign, at least electronically.
Upon receipt of the completed application, an underwriter review ensues. This review includes a credit check. The premium will be determined by the results of your application.
Applicants with very good credit may pay as little as 1% annually for this bond; however, again, the amounts can vary considerably.
Upon approval and payment of your premium, our agency issues this bond to you immediately. A copy of your bond can be emailed to you at your request, and the original will be sent to you by the following business day at the latest.
Overnight mailing of your bond is also available for an additional fee.
The Montana viatical settlement bond premium renews on an annual basis.
According to 33-20-1315 of the Montana Code Annotated, the purpose of your surety bond requirement is to establish financial accountability and responsibility for any violation of any rules or laws which demonstrably causes harm.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide viatical settlement surety bonds nationwide where this bond is mandated by statute.
Our agency is also a provider of license and permit bonds in all 50 states.
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