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.
















No underwriting queue for the standard heating-fuel bond — enter your amount, pay, and file with the DCP. Here is the whole thing:
Your business details, the bond amount your prepaid book requires, and the effective date — that is the entire application.
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.
Submit the executed bond to the Department of Consumer Protection so you can offer prepaid guaranteed-price plans. Wet-ink originals mailed on request.
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.
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 →If yours isn't here, the bond team can usually answer within the hour.
Five-minute application, from $100. Size it to your prepaid book and file the same day.