Texas Public Grain Warehouseman Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of Texas Public Grain Warehousemen
The Texas Department of Agriculture requires grain warehouses to obtain a surety bond according to the following formula:
- A minimum $35,000 surety bond requirement;
- 10 cents per bushel of rated storage capacity;
- And a maximum amount of $500,000.
This bond is also known as Schedule D – Operator Bond.
Qualifying and the Premium
Qualifying for the Texas public grain warehouseman bond includes completing a short surety bond application and undergoing a review by an underwriter.
A standard part of you surety bond application review includes a credit check.
For higher surety bond amounts, the underwriter may request additional information. “Additional information” typically are request for financial statements- tax returns and/or banking statements.
Applicants for higher surety bond amounts should expect approval to take slightly longer. This is almost invariably due to the amount of the bond, and the time it takes you to provide additional information which may be requested.
Approval is based on demonstrating good credit; the premium is 1%, annually of the surety bond amount required.
Upon approval of your surety bond and payment of the premium, our agency issues your bond to you immediately.
We will notify your bond as Surety; upon receipt you’ll notarize your bond as Principal. Along with the Power of Attorney form, you’ll file it to:
State of Texas
Department of Agriculture
P.O. Box 12847
Austin, TX 78711
Purpose Of Your Surety Bond Requirement
Your Texas public grain warehouseman bond is a financial guarantee of your compliance with Chapter 14 of the Texas Agriculture Code, as amended.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate and other surety bonds in all 50 states and Washington D.C.
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Or, you may fill out the form below and a Surety Agent call you…