Minnesota viatical settlement provider bonds.
From $100.
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.
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How much does a Minnesota viatical settlement provider bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
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:
Apply online
Company details, the bond amount Commerce required, an effective date, and a term. That is the application. No credit check up to $25,000.
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.
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.
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.
You need this bond if you're
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 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.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. 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.
These are the actual issuing fields — company details, the bond amount Commerce set, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Minnesota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Viatical provider bond, filed today.
1% of the bond amount, $100 minimum, issued the moment you pay. No credit check up to $25,000. Free until issued.