Washington D.C. Appraisal Management Company Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of D.C. Appraisal Management Companies
The District of Columbia’s Department of Insurance, Securities and Banking regulates and licenses appraisal management companies.
In addition to the appraisal management company application, and a $1300 application fee, you are also required to obtain a $25,000 surety bond.
Qualifying and the Premium
Your company is automatically approved for the $25,000 Washington D.C. appraisal management company bond. This is because there is no underwriting review nor a credit inquiry. The premium is just $250, annually.
When you call us, we’ll just ask you the name that should appear on your bond, along with up to 2 additional branch office addresses if applicable.
After payment of the $250 premium, our agency issues your bond to you immediately along with a Power of Attorney form. It is the original document that you’ll file with the District of Columbia.
The filing address for your D.C. appraisal management company bond is:
DC Department of Insurance, Securities and Banking
1050 First Street, NE,
Washington, D.C. 20002
Premium Prepayment Options
The $250 premium for your D.C. appraisal management company bond renews annually. Our agency also offers you the option to prepay your bond’s premium up to 3 years, thereby offering a savings over annual renewals.
The premium prepayment option and savings are as follows:
- If prepaid for 2 years, the premium is $450, a $50 savings;
- If prepaid for 3 years, the premium is $650, a $100 savings.
Your Surety Bond’s Purpose
This appraisal management company surety bond is a financial guarantee of your compliance with the D.C. Appraisal Management Company Law, as amended.
AmeriPro Surety Bonds is a surety bonds-only agency. We issue appraisal management company surety bonds nationwide within minutes of calling our agency.
Our agency is also a provider of license and permit, court, and probate surety bonds in Washington D.C. and all 50 states.
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