Louisiana Motor Fuel Distributor | $25,000 Motor Fuel Distributor Surety Bond

Also known as: motor fuel distributor bond

Type of Bond

A Louisiana motor fuel distributor bond is a type of surety bond that is required by the Louisiana Department of Revenue from motor fuel distributors operating within the state. The bond serves as a financial guarantee to ensure compliance with state laws and regulations governing the distribution and sale of motor fuels. The purpose of the motor fuel distributor bond is to protect the interests of the state and consumers by providing financial security in case the distributor fails to meet their tax obligations or violates any laws related to motor fuel distribution. It helps ensure that the distributor properly reports and pays applicable taxes, follows proper procedures for handling and distributing motor fuels, and adheres to regulatory requirements. The specific bond requirements, including the bond amount, are typically determined by the Louisiana Department of Revenue based on factors such as the volume of fuel sales and the potential risk associated with the distributor's operations. If the motor fuel distributor fails to fulfill their tax obligations or violates any laws, a claim can be made against the bond. If the claim is valid, the bond issuer will provide compensation up to the bond amount to the state or affected parties. The motor fuel distributor is then responsible for reimbursing the bond issuer for the payout made on their behalf. In summary, a Louisiana motor fuel distributor bond is a surety bond required for motor fuel distributors in the state. It ensures compliance with tax laws and regulatory requirements, protects the interests of the state and consumers, and provides a mechanism for compensation in case of non-compliance or violations by the distributor.


Program

The price you'll pay for your $25,000 Motor Fuel Distributor 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 $25,000 Motor Fuel Distributor 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 $25,000 Motor Fuel Distributor 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 Motor Fuel Distributor Bond Application process.

The Louisiana Motor Fuel Distributor Bond amount is currently set at  $25,000.

Obligee Information

An obligee is the entity that is requiring you to have the Motor Fuel Distributor bond.

For your convenience you can view a sample copy of the Louisiana Motor Fuel Distributor Bond Form.

Obligee: State Of Louisiana Department Of Revenue
Street: 617 North Third Street
State: Louisiana
Zip: 70802