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West Virginia Telemarketing Solicitor Bond

October 29, 2019

A $100,000 West Virginia telemarketing solicitor bond is required for each location of your telemarketing business in the state. The bond caps at a maximum of $500,000; and, if approved by our agency, will be at 1%. Please call AmeriPro Surety Bonds at 844-589-9732.

West Virginia Telemarketing Solicitor Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Telemarketing Solicitors – West Virginia

 

 

 

The West Virginia Department of Tax and Revenue is the Department which licenses and regulates telemarketing solicitors.

A condition of licensing is that at least one $100,000 surety bond be filed with the department. An additional $100,000 surety bond amount is required for each additional office; however, the cap is $500,000 surety bond.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the West Virginia telemarketing solicitor bond is by means of completion of an application --- which we can pre-fill with you over the phone --- but which will also require your signature before review by an underwriter. This review will include a credit score inquiry.

Good credit is required to be approved for this surety bond, and the premium, if approved will be 1% of the bond’s amount.

The difference between qualifying for the $100,000 surety bond and any other amount is that amounts greater than $100,000 will also require a recent financial statement from you as part of the underwriting process.

Once the premium is paid, our agency issues your surety bond to you immediately. Your telemarketing solicitor bond, along with the Power of Attorney form, will be sent to you for signing (your surety bond as Principal) and filing (both documents) with the Department of Tax and Revenue.

 

 

 

Additional Premium Payment Options

 

 

 

Each surety bond amount has the option to prepay your bond for up to 3 years. Prepayment of your premium offers you a savings over renewing annually, in addition to lengthening the time between renewals.

Using $100,000:

  • If prepaid for 2 years, the premium is $1800, a $200 savings;
  • If prepaid for 3 years, the premium is $2600, a $400 savings.

Larger bond amounts will have even bigger savings.

 

 

 

Purpose of Your Bond Requirement

 

 

 

This telemarketing surety bond is issued as a financial guarantee of your compliance with §46A-6F-302, which essentially protects consumers from any harm caused by unlawful telemarketing activity.  You are also held responsible under the West Virignia Telemarketing Solicitor Act.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds provides telemarketing surety bonds nationwide. We also provide license and permit surety bonds.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will contact you...

 

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