Alabama Premium Finance | $35,000 Premium Finance Surety Bond

Also known as: premium finance bond

Type of Bond

A premium finance bond is a type of surety bond required by some states for premium finance companies. Premium finance companies provide loans to insurance policyholders to help them pay their insurance premiums in installments instead of paying the full premium upfront. The bond serves as a guarantee that the premium finance company will operate in accordance with all state laws and regulations governing premium finance companies. The bond amount varies by state and is based on the amount of premiums financed by the company. In the event that the premium finance company violates any state laws or regulations, a claim can be filed against the bond to compensate for any financial losses incurred by the public. The bond helps to ensure that premium finance companies operate with honesty and integrity and protect the interests of the policyholders.


Program

The price you'll pay for your $35,000 Premium Finance Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $35,000 Premium Finance Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $35,000 Premium Finance Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Premium Finance Bond Application process.

The Alabama Premium Finance Bond amount is currently set at  $35,000.

Obligee Information

An obligee is the entity that is requiring you to have the Premium Finance bond.

For your convenience you can view a sample copy of the Alabama Premium Finance Bond Form.

Obligee: State Of Alabama Of Insurance
Street: 201 Monroe St Suite 1700
State: Alabama
Zip: 36104