Individuals and businesses operating in the insurance and finance industry in Alabama are often required to hold a surety bond to be licensed in the state. Bail bondsmen, investment advisers, mortgage brokers, premium finance companies, and many others are among those who need a license bond. Regulatory agencies such as the Alabama Department of Insurance (ALDOI) and the Alabama Securities Commission (ASC) oversee these requirements.
Choosing Jet Insurance Company means you are working with the decision-maker which streamlines the bond process and allows for an affordable rate every time. Select the bond you need below or give us a call at (855) 296-2663 if you don't see the bond you need listed.
Mortgage brokers and consumer creditors are to file a bond with the Alabama State Banking Department to be licensed based on total annual loan amounts.
The Alabama Department of Insurance requires a $35,000 surety bond for premium finance companies to operate.
The Real Estate Appraisers Board requires appraisal management companies to get a $25,000 license bond.
Professional employer organizations in Alabama need a $100,000 license bond, or $50,000 for a limited license.
Licensed bail bondsmen in Alabama need a $25,000 surety bond, or a $10,000 bond if in Cullman County. Quite ironic don't you think?
Insurance brokers providing surplus line services must purchase a $50,000 bond to file with the ALDOI.
A $50,000 license bond is required for investment advisers through the Alabama Securities Commission.
Those selling or brokering vacation timeshare plans must file a surety bond with the Alabama Real Estate Commission.
Those engaging in money transmission need a license and surety bond to business in Alabama.
An optional surety bond for non-profit organizations who opt to pay for unemployment compensation instead of making unemployment tax contributions.
Companies offering loans under $1,500 are required to post a $1,000 license bond with the City of Chickasaw.
A $1,000 bond for registered pawn shops in the city of Mobile, Alabama.
Bail bondsmen in Dothan, Alabama must hold a $3,000 surety bond to operate in the city.