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North Carolina Premium Finance Company Bond

North Carolina Premium Finance Company Bond

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Who Requires the Premium Finance Company Bond and Why Is It Needed?

Tablet. Premium Finance Company Bond for businesses that offer premium financing solutions.

A Premium Finance Company Surety Bond is required pursuant to NCGS 58-35-15 for those who have applied to the Commissioner of Insurance of the State of North Carolina for a license to undertake the business of financing insurance premiums pursuant to Section 58-35-5 of the General Statutes of the State of North Carolina. This surety bond ensures that the bonded principal fully complies with the provisions of the laws of the State of North Carolina and the rules and regulations set out by the Commissioner of Insurance pertaining to Insurance Premium Finance Companies. The surety bond runs continuously beginning on the date the license becomes effective, remaining in force until the surety cancels the bond upon 30 days advance written notice to the Commissioner and the principal.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your North Carolina Premium Finance Company Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




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