Frankfort raffle manager bonds.
From $100.
The Village of Frankfort requires the designated raffle manager of a licensed organization to give a fidelity bond before a raffle license is issued, under Village Code § 135.06. The amount equals the aggregate retail value of the prizes to be awarded; premiums cost 0.1% of the bond amount, $100 minimum.
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How much does a Frankfort raffle manager bond cost?
0.1% 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 raffle manager bond — enter your prize value, pay, and file with the Village Clerk. Here is the whole thing:
Apply online
The organization's details, the designated manager's information, the aggregate retail value of the prizes to be awarded, and the effective date — that is the application.
Issued
No credit check up to $10,000 except for partnerships and corporations, and most applications approve instantly.
File with the Village Clerk
Submit the executed bond with your raffle license application to the Village Clerk, the raffle administrator under Village Code § 135.06. Wet-ink originals mailed whenever the village insists.
What it is and who needs it.
What the raffle manager fidelity bond covers
Illinois's Raffles and Poker Runs Act (230 ILCS 15/5) requires the manager of a licensed raffle to give a fidelity bond, in an amount determined by the licensing authority, in favor of the organization conducting the raffle, conditioned on the manager's honesty in performing his or her duties.
The Village of Frankfort, acting as the licensing authority, implements that requirement in Village Code § 135.06: a raffle license application must be accompanied by a fidelity bond in an amount equal to the aggregate retail value of all prizes to be awarded in the raffle. All operation of a licensed raffle is placed under the supervision of a single manager designated in the application, and the Village Clerk serves as the raffle administrator.
The bond protects the organization itself — if the manager mishandles raffle proceeds or prizes, the organization can recover against the bond. It is not insurance for the manager: if a claim is paid, the manager repays the surety. We issue the bond at the prize value your raffle license application states, from a $100 minimum, and no credit check up to $10,000 except for partnerships and corporations.
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
File with the Village Clerk. Submit the executed bond with your raffle license application to the Village Clerk, the raffle administrator under Village Code § 135.06. Wet-ink originals mailed whenever the village insists.
What sets the price
The premium is 0.1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $10,000 for individuals and LLCs (above that, a soft pull at most); for partnerships and corporations, one soft pull at every amount, never a hard inquiry.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application; no credit check up to $10,000 unless you apply as a partnership or a corporation.
Submit the application with the aggregate retail value of your raffle's prizes. Most applications approve instantly.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Clear your Frankfort raffle license bond today.
From $100, no credit check up to $10,000 except for partnerships and corporations. Enter your prize value and file with the Village Clerk the same day.