CT heating fuels distributor bonds.
From $100. Enter your amount.

A Connecticut heating fuel dealer that offers prepaid guaranteed-price plans must secure those customer prepayments — and a surety bond is one accepted way to do it under CGS § 16a-23n. The bond runs at least 50% of prepaid funds. Pricing is 0.75% of your bond amount, $100 minimum, and the application collects no credit information. Enter your amount and your exact price appears at the application.

Required of a heating fuel dealer offering prepaid guaranteed-price plans under CGS § 16a-23n
Amount is at least 50% of prepaid customer funds — it scales with your prepaid book
From $100, no credit fields — enter your required bond amount and see your price at the application
0.75% of amount$100 minimumNo SSNin the applicationFastapproval for most
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Apply to filed in one sitting.

No underwriting queue for the standard heating-fuel bond — enter your amount, pay, and file with the DCP. Here is the whole thing:

TODAY · 5 MINUTES

Apply online

Your business details, the bond amount your prepaid book requires, and the effective date — that is the entire application.

INSTANTLY

Issued on the spot

No credit fields on the application, and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review, which is always a soft pull that never affects your score.

SAME DAY

File with the DCP

Submit the executed bond to the Department of Consumer Protection so you can offer prepaid guaranteed-price plans. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the heating-fuel bond actually covers

Connecticut regulates prepaid guaranteed-price heating-fuel plans under CGS Chapter 296a. When customers pay in advance for a season’s oil or propane at a locked price, the state wants those prepayments secured so consumers aren’t left short if the dealer can’t deliver.

Under CGS § 16a-23n, a dealer offering these plans must either hold the fuel by futures/forward/physical-supply contracts or post a surety bond of not less than 50% of the total funds prepaid by consumers. The bond is the flexible option — it secures the prepaid money without tying up your inventory.

The surety obligates the dealer to fully and faithfully perform the prepaid contracts, and the bond’s issuer must notify the Commissioner of Consumer Protection within three business days if it’s ever cancelled. Size the bond to your prepaid book; pricing is variable and starts from $100, and the application collects no credit information.

CGS § 16a-23n (prepaid guaranteed-price plans)Connecticut General Statutes § 16a-23n (Chapter 296a) lets a heating fuel dealer offer prepaid guaranteed-price plans only if it hedges the fuel by futures/forward/physical-supply contracts or maintains a surety bond of not less than fifty percent of the total funds paid by consumers under those plans, guaranteeing the dealer’s full and faithful performance. The bond’s issuer must notify the Commissioner of Consumer Protection within three business days of any cancellation.

You need this bond if you are

A heating oil or propane dealer offering prepaid guaranteed-price plans
Launching a prepay program and securing it with a bond instead of supply contracts
Growing your prepaid book and re-sizing the bond to 50% of new prepayments
Replacing a cancelled bond so you can keep selling guaranteed-price plans

Five minutes, issued on the spot.

Submit the application with the bond amount your prepaid book requires — the executed bond is generated instantly, ready to file with the DCP.

Start the application →
FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

How much is the Connecticut heating fuels distributor bond?
Pricing is 0.75% of your bond amount, with a $100 minimum. The amount itself is at least 50% of the funds customers prepaid you under guaranteed-price plans, so it scales with your prepaid book. Enter that figure and see your exact price at the application.
Do all heating-fuel dealers need it?
No — only dealers offering prepaid guaranteed-price plans, and even then a bond is one option. CGS 16a-23n also lets you secure the plans with futures, forward, or physical-supply contracts instead. The bond is the option that doesn’t tie up inventory.
How do I size the bond?
At no less than 50% of the total funds your customers have prepaid under guaranteed-price plans. As your prepaid book grows, re-size the bond. Send us your prepaid total and we’ll confirm the figure.
Is there a credit check?
The application collects no credit information. Most applications approve instantly; if a check ever runs on a larger bond amount, it is a quick soft pull that never affects your credit score.
Where do I file it?
With the Connecticut Department of Consumer Protection, which administers Chapter 296a. We issue the executed bond ready to submit.
Related bonds

Other Connecticut bonds.

Heating-fuel bond, issued today.

Five-minute application, from $100. Size it to your prepaid book and file the same day.

Your premiumfrom $100
Apply now →