Little Ocmulgee EMC utility deposit bonds.
From $100.
Little Ocmulgee Electric Membership Corporation will accept a surety bond in place of a cash security deposit from a new or reinstating account before starting service. Little Ocmulgee EMC sets the required amount. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a Little Ocmulgee EMC utility deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for the standard utility deposit bond — enter your amount, pay, and submit to Little Ocmulgee EMC. Here is the whole thing:
Apply online
Your account details, the service property address, the deposit amount Little Ocmulgee EMC quoted, and the effective date — that is the application.
Approved
No credit check up to $15,000, and most applications approve instantly. Larger amounts may get a brief review.
Submit to Little Ocmulgee EMC
Submit the executed bond to Little Ocmulgee EMC in place of your cash deposit so service can start or continue. Wet-ink originals mailed whenever the cooperative insists.
What it is and who needs it.
What the utility deposit bond actually guarantees
Little Ocmulgee Electric Membership Corporation is a member-owned electric cooperative serving south-central Georgia. Like most Georgia EMCs, it can require a new or reinstating account to secure service with either a cash deposit or a surety bond of equal value, under its own membership and service rules rather than a state statute.
It is a three-party arrangement: you (the principal), the surety carrier, and Little Ocmulgee EMC (the obligee). If you fail to pay your electric bill, Little Ocmulgee EMC can claim against the bond up to its face amount; if the surety pays, you repay the surety. It substitutes for cash the cooperative would otherwise hold, not insurance for you.
The cooperative sets the amount for each account based on expected usage and credit standing. A bond frees up the cash a deposit would tie up; enter the figure on your Little Ocmulgee EMC notice and we price it from a $100 minimum with no credit check up to $15,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Submit to Little Ocmulgee EMC. Submit the executed bond to Little Ocmulgee EMC in place of your cash deposit so service can start or continue. Wet-ink originals mailed whenever the cooperative insists.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
Submit the application with the deposit amount Little Ocmulgee EMC quoted. No credit check up to $15,000, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Georgia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the cash deposit.
2% of the bond amount, $100 minimum. No credit check up to $15,000. Apply and submit to Little Ocmulgee EMC the same day.