Nevada service contract provider bonds.
From $250.
Nevada requires a service contract provider to register, and one of three routes under NRS 690C.170 is a funded reserve account plus security deposited with the Commissioner of Insurance: the greater of $25,000 or 10% of unearned gross consideration on unexpired contracts. Premiums cost 1% of the bond amount.
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How much does a Nevada service contract provider bond cost?
1% of the bond amount, from $250 at the $25,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
There is no underwriting queue for the standard provider security bond — enter your amount, pay, and file it with the rest of your NRS 690C.160 registration packet. Here is the whole thing:
Apply online
Your company details, the security amount your registration requires, and an effective date. That is the application. No credit check up to $50,000.
Issued
No credit check up to $50,000, and most applications approve instantly. A large security figure can draw a brief second look; above $50,000, any check is a soft pull that never affects your score.
File with the Commissioner
Your executed bond arrives by email, ready to go in with the registration application, the funded-reserve bank statement, your contract forms, and the $2,000 registration fee. Wet-ink original mailed whenever the Division insists.
What it is and who needs it.
What the provider security actually covers
A service contract in Nevada is an arrangement where a provider, in exchange for separately stated consideration, is obligated for a specified period to repair, replace or perform maintenance on goods — or to indemnify or reimburse the holder for those costs — when the goods suffer an operational failure. Vehicle service contracts, home warranties, and electronics and jewelry plans are the usual shapes. NRS 690C.150 makes it unlawful for a provider to issue, sell or offer service contracts here without a certificate of registration from the Commissioner of Insurance.
NRS 690C.170 gives a provider three ways to prove it can actually perform. It can buy a contractual liability insurance policy from an authorized insurer, one that cannot be terminated without 60 days written notice to the Commissioner. It can hold — or be the subsidiary of a guaranteeing parent that holds — a net worth or stockholders' equity of at least $100,000,000. Or it can take the middle road: a funded reserve account maintained in Nevada, holding at all times at least 40% of the unearned gross consideration on unexpired contracts, plus security deposited with the Commissioner. This bond is that security.
The deposit is the greater of $25,000 or 10% of the unearned gross consideration received on unexpired service contracts, so it moves with the book you are carrying rather than sitting at a flat statutory figure. NRS 690C.170 accepts a surety bond from a company authorized in Nevada, securities eligible under NRS 682B.030, cash, an irrevocable letter of credit from a Commissioner-approved financial institution, or another form the Commissioner prescribes. It is not insurance for you — if the surety pays, you repay the surety — and the security must stay in place until you stop doing business in Nevada and the obligations behind it have run out.
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 Commissioner. Your executed bond arrives by email, ready to go in with the registration application, the funded-reserve bank statement, your contract forms, and the $2,000 registration fee. Wet-ink original mailed whenever the Division insists.
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 $50,000. 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, then your exact price.
Enter the security amount your registration requires and the application prices it from $250. No credit check up to $50,000.
Start the application →Common questions.
Other Nevada bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Register as a Nevada provider without freezing cash.
Priced at 1% of the bond amount, and no credit check up to $50,000. Free until issued.