In Ohio, the Department of Natural Resources (DNR) must receive a Reclamation Bond (otherwise known as a Coal Mining and Reclamation Permit Bond) from mine operators as a way to guarantee that they will bring the land up to the standards laid out in the coal mining and reclamation permit. Jet Insurance Company offers this bond to assure the DNR that mine operators will act according to the permit, and other rules and regulations.
Buy your Reclamation Bond direct from Jet! No brokers or agents to complicate the bonding process or pile their commission onto the price you pay.
With Jet, the Reclamation Bond can be as low as $100 a year, but will depend on the bond limit required and a soft credit check. The minimum limit for this bond is $10,000 and may increase as directed by the Chief of the DNR; the limit should be enough to cover the cost of completing the reclamation.
As a direct surety company, Jet is able to simplify the application process for the Reclamation Bond; you can get a quote for your bond after a short review from an underwriter.
The DNR holds a bonding requirement for mine operators to make sure that they follow the conduct prescribed in the Ohio Revised Code, Title 15, Chapter 1513, and to complete the work that is agreed upon in the coal mining and reclamation permit.
Not only does the Reclamation Bond uphold the mine operator’s integrity, but it guarantees the safety and aesthetics of land in Ohio — properly reclaimed land can be used for a number of purposes, such as residential, commercial, or agricultural uses, all of which bring value and beauty to the area.
The bond goes hand in hand with the mission of the DNR’s Division of Mineral Resources Management: overseeing the mining industry to fulfill the need for coal and industrial resources, while keeping the environment and society safe from the hazardous effects of mining.
Applying for your Reclamation Bond is easy with Jet! Our streamlined application will only ask for the necessary information needed to get you a quote: general business information, contact information, and a social security number to complete a soft credit check. After you have finished your application, it will be sent to a Jet underwriter to review.
Once a short review has been completed, you will receive an email with a quote that is ready to buy. A digital copy of your bond and receipt will be sent to you.
Yes, Jet can file the Reclamation Bond for you; or, you can choose to file the bond yourself when checking out. With either option, Jet doesn’t charge you for shipping like other companies do.
The original bond must be submitted to the DNR at the following address:
Division of Mineral Resources Management
Attn: Bonding Section
2045 Morse Road, Building H-2
Columbus, OH 43229
If you need to cancel your Reclamation Bond with Jet, notify our office right away. We will contact the DNR to request the release of the bond.
However, a Reclamation Bond is typically issued along with a Coal Mining and Reclamation Permit and must be active until the work indicated in the permit is completed and the land is able to progress to its next use. Your bond will only be cancelled by the DNR if a replacement is submitted.
As for refunds, Jet will review cancellations once they are final to see if there is any available premium to return; the first year of the bond is fully earned and will not be refunded.
Once you have finished the reclamation of the land according to your permit, the DNR will release you and Jet from the bond obligation! If the work takes longer than the term of your bond, you may need additional coverage to complete the work.
You will receive a notice when your bond term is almost up. If you need additional coverage, you may purchase another bond term to keep your coverage as you finish up your work.
The Reclamation Bond has essentially one function: to guarantee the reclamation that the coal mining and reclamation permit was issued for. As long as the work is performed according to the permit (both in terms of quality and completion) and up to the standards listed in Section 1513.16 of the ORC, the DNR has no reason to file a claim.
If the work specified in the permit is not fulfilled, the DNR will lay claim on the bond to be able to bring the land into compliance.
If a claim is filed against your Reclamation Bond, contact Jet right away! Our team will gather information to defend you against false claims. But if the claim is true, Jet will pay out the claim to bring the land to compliance on your behalf. Since your actions led to the claim payout, you are responsible for paying back Jet.