Nevada Telecommunications Service Provider Bond

Nevada Telecommunications Service Provider Bond

The Public Utilities Commission of Nevada mandates a Telecommunications Service Bond (also known as a Public Utilities Commission Indemnity Bond) from providers who accept payment for telecommunications services before the fulfillment of such services. The bond is used to refund customers should the provider fail to perform services or return the payment for incomplete services.

VIEW YOUR BOND PRICE

Buying your Telecommunications Provider Bond with Jet shows the Commission that you stand in solidarity with their mission to protect Nevada citizens from harm.

What Is the Lowest Price for the Telecommunications Provider Bond?

Jet offers the Telecommunications Provider Bond for as little as $10 a month or $100 a year. Rates vary depending on the bond limit and the results of a soft credit check. See the chart below for different terms available for an applicant with preferred credit. 

Bond TermCost
Monthly$10
1 Year$100
2 Years$175
3 Years$250
Nevada Telecommunications Provider Bond Rates

The bond limit can be $1,000 or $5,000, so long as it will be enough to provide refunds for customers under Section 704.7472 of the Nevada Administrative Code. For both limits, Jet can offer the bond at the prices in the chart for preferred credit applicants.

The Nevada Telecommunications Provider Bond Process With Jet

Applying for a Telecommunications Provider Bond is easy. You only need to submit the required information to Jet’s streamlined application. This does include a social security number, as it is needed to run a soft credit check. After the application is completed, you will find your approved rate that is ready for purchase. After the payment is complete, you will receive a copy of your bond and receipt.

To submit your bond, you can leave it up to Jet or if you prefer to do it yourself, you can choose to have the bond mailed to you when checking out. Once complete, the original bond must be sent to:

Nevada Public Utilities Commission
1150 East William St
Carson City, NV 89701-3109

When you are due for renewal, Jet will contact you through mail and email. Simply fill out the form (online is fastest), and submit payment to keep your bond active. Monthly payment subscribers don’t need to worry about renewals — each payment keeps their bond running. 

If you need to cancel your bond, notify Jet right away. An email to bonddept@jetsurety.com will work. Our team will send notice to the Commission to begin the 30-day cancellation process. During this time, you and Jet are still liable under the bond, so monthly payments will continue and refunds for annual payments will be calculated after this period ends. Failure to complete payment on the bond can also result in a cancellation.

How Does a Provider Avoid Nevada Telecommunications Service Bond Claims?

The conditions of the Telecommunications Provider Bond are pretty straightforward: provide the telecommunications services which you received payment for or, if unable to do so, refund your customers. A customer who made an advance payment or deposit will take action on the bond to be compensated for the services they did not receive. 

If you receive a claim on the bond, please get in touch with Jet as soon as possible. We will review any evidence provided, defending you as best as we can. However, if the investigation finds that the claim is legitimate, we are obligated to refund the injured party through the bond on your behalf. You are ultimately responsible for paying Jet back for the claim, so it is best to prevent claim filings in the first place. 

Notary Bond Application:

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: