MN viatical settlement provider bonds.
1% of the bond amount.

Minnesota licenses viatical settlement providers through the Department of Commerce, and Minn. Stat. § 60A.9572 requires evidence of financial responsibility — a surety bond in favor of the state, in an amount the commissioner determines. Ours is 1% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft credit pull only — it never affects your score.

✓

Required as evidence of financial responsibility under Minn. Stat. § 60A.9572

✓

Amount set by the Commissioner of Commerce — confirm the figure on your licensing notice

✓

1% of the bond amount, $100 minimum — exact price at the application

1% rate$100 minimumInstantissuance at checkoutA-ratedA.M. Best carriers

Trusted by industry leaders

How it works

Three steps. One sitting.

The provider bond is checkout-rated — enter the amount Commerce set, pay, and file it with your license. Here is the whole process:

NOW · ONLINE

Apply online

Company details, the bond amount Commerce required, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.

INSTANTLY

Pay & e-sign

The premium is 1% of the bond amount, $100 minimum — checkout-priced, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.

SAME DAY

File with the Department of Commerce

Your executed bond arrives by email, ready to file with your viatical settlement provider license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the provider bond guarantees

Minnesota regulates viatical settlements at Minn. Stat. §§ 60A.957 to 60A.9585, administered by the Department of Commerce. A viatical settlement provider must demonstrate evidence of financial responsibility — either a surety bond executed and issued by an insurer authorized to issue surety bonds in Minnesota, or a deposit of cash, certificates of deposit, or securities, in an amount the commissioner determines.

The bond must be in favor of this state and must specifically authorize recovery by the commissioner on behalf of any person in Minnesota who sustained damages as a result of erroneous acts, failure to act, conviction of fraud, or conviction of unfair practices by the provider or a viatical settlement broker.

It is not insurance for you — it protects the viators and Minnesota consumers you deal with. If the surety pays a claim, you repay the surety. Because the amount is set case by case, confirm the figure on your Commerce licensing notice before you buy; we track the term and send renewal notices 60 and 30 days out.

Minn. Stat. § 60A.9572Section 60A.9572 sets the licensing requirements for viatical settlement providers and brokers, including evidence of financial responsibility. A provider must show financial responsibility through a surety bond executed and issued by an insurer authorized to issue surety bonds in Minnesota, or a deposit of cash, certificates of deposit, or securities, in an amount determined by the commissioner. The bond must be in favor of this state and must specifically authorize recovery by the commissioner on behalf of any person in Minnesota who sustained damages as a result of erroneous acts, failure to act, conviction of fraud, or conviction of unfair practices by the provider or broker.

You need this bond if you're

✓

Applying for a Minnesota viatical settlement provider license with the Department of Commerce

✓

Renewing a provider license — financial responsibility must stay continuously demonstrated

✓

Replacing a cash or securities deposit with a surety bond to free up capital

✓

Adjusting your amount after the commissioner reset your financial-responsibility figure

One application, issued instantly.

These are the actual issuing fields — company details, the bond amount Commerce set, an effective date, and a term. That is the entire application.

Start the application →

FAQ

Common questions.

How much is the Minnesota viatical settlement provider bond?The premium is 1% of the bond amount, $100 minimum. A $100,000 bond runs $1,000; $250,000 runs $2,500; $500,000 runs $5,000. Your exact price appears at the application, before you pay.

What bond amount do I need?Minn. Stat. § 60A.9572 leaves the amount to the Commissioner of Commerce rather than fixing a penal sum in statute. Use the figure on your licensing notice, or confirm it with the Department of Commerce before you buy.

Can I post cash instead of a bond?Yes — the statute allows a deposit of cash, certificates of deposit, or securities in the same amount. Most providers choose the surety bond because it leaves working capital in the business.

Is there a credit check?If a credit screen runs on this bond, it is a soft credit pull only — never a hard inquiry, and it never affects your score. The rate stays 1% of the bond amount, $100 minimum, either way.

Who requires the bond, and where do I file it?The Minnesota Department of Commerce, which licenses viatical settlement providers under Minn. Stat. §§ 60A.957 to 60A.9585. The executed bond is filed with your license application or renewal.

Related bonds

Other Minnesota bonds.

Viatical provider bond, filed today.

1% of the bond amount, $100 minimum, issued the moment you pay. Soft pull only. Free until issued.

Start application

Your premiumfrom $100

Apply now →