Maine public official bonds.
From $100.
Maine requires many elected and appointed officials, such as municipal treasurers and tax collectors, to post a faithful-performance bond. The municipality or appointing authority sets the amount (for a treasurer, generally no more than twice the taxes to be collected). The premium is 0.35% of the bond amount, $100 minimum.
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How much does a Maine public official bond cost?
0.35% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The public official bond is quick — enter your amount, consent to a soft pull, and file. Here is the whole thing:
Apply online
Your details, the obligee (the entity requiring the bond), your position and term, and the bond amount. The only extra step is a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
File with the obligee
Submit the executed bond to the municipality or appointing authority that required it. Wet-ink originals mailed whenever they insist.
What it is and who needs it.
What the public official bond actually covers
A public official bond is a faithful-performance guarantee. It is conditioned on an elected or appointed official honestly and faithfully discharging the duties of office and properly accounting for public funds that pass through their hands.
Maine sets these requirements in several places. For a municipal treasurer, 30-A M.R.S. §5601 requires a bond conditioned on faithful discharge of the office, in an amount that need not exceed twice the taxes to be collected during the municipal year, with the municipality paying for it. Deputy officials and the officials they serve under are covered by 30-A M.R.S. §2603.
Because the obligee — the municipality or appointing authority — sets the amount, there is no single statutory figure. Enter the amount on your appointment or your obligee's request; the premium is 0.35% of the bond amount, $100 minimum, with one soft credit pull that never affects your score. If the public treasury pays out on the bond, the official repays the surety.
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 obligee. Submit the executed bond to the municipality or appointing authority that required it. Wet-ink originals mailed whenever they insist.
What sets the price
The premium is 0.35% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, one soft pull.
These are the actual underwriting fields, including the obligee and your term, plus a one-time consent to a soft credit pull. Most issue quickly.
Start the application →Common questions.
Other Maine bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Public official bond, issued today.
Premiums from $100, soft pull only. Enter the amount your obligee set and file the same day.