North Carolina alien collection agency bonds.
$100 flat.
The initial-permit bond an alien collection agency — one whose principal place of business is outside the United States — files with the North Carolina Department of Insurance. G.S. 58-70-20 sets the initial bond at $10,000, and G.S. 58-70-5(a)(5) doubles it to $20,000 for an alien corporation. Ours is $100 flat, the price you see is the checkout price.
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How much does a North Carolina alien collection agency bond cost?
$100 at the $20,000 amount, the same for every applicant.
Three steps. One sitting.
The alien initial-permit bond is a fixed statutory amount at a fixed price. Here is the entire process:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $100 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Department of Insurance
Your executed bond arrives by email, ready to file with your collection agency permit application at the North Carolina Department of Insurance. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
North Carolina permits collection agencies through the Department of Insurance under Article 70 of Chapter 58. G.S. 58-70-20 requires a bond of $10,000 for an initial permit, and the bond must expressly provide that it is for the benefit of any person, firm or corporation for whom the collection agency collects accounts. Under G.S. 58-70-5(a)(5), an alien corporation — one headquartered outside the United States — posts double the amounts set by G.S. 58-70-20, so the initial bond is $20,000.
It is a three-party arrangement: you (the principal), the surety carrier, and the State of North Carolina through the Commissioner of Insurance (the obligee). The bond stands behind the money you collect — it stays in effect until all moneys collected have been accounted for, so it cannot simply be cancelled when a permit lapses.
Permits run on a statutory year: G.S. 58-70-35(b) makes each permit run from July 1 through June 30 of the following year, which is why this bond renews on June 30 dates. It is not insurance for you — if the surety pays a claim, you repay the surety. 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 $20,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to June 30 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, June 30, in the year your term ends.
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 Insurance. Your executed bond arrives by email, ready to file with your collection agency permit application at the North Carolina Department of Insurance. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $20,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term keyed to the June 30 permit year.
Start the application →Common questions.
Other North Carolina bonds.
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Price and requirements checked on the carrier’s application, . Page updated .
Alien collection agency bond, issued today.
$100 flat, issued the moment you pay, no credit check. Free until issued.