North Carolina alien agency expense bonds.
$225 flat.
A collection agency organized outside the United States, an alien corporation in North Carolina's terms, files the nonresident examination-expense bond of G.S. 58-70-20(c) at double the ordinary figure: a $20,000 bond in favor of the Department of Insurance. Ours is $225 flat.
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How much does a North Carolina alien agency expense bond cost?
$225 at the $20,000 amount, the same for every applicant.
Three steps. One sitting.
Even at the doubled amount, this is one of the simplest filings in surety — the statute already picked the number. Here is the entire process:
Apply online
Business details, your NC license number and FEIN, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $225 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 go in alongside your permit bond at the Commissioner of Insurance. Wet-ink original mailed on request.
What it is and who needs it.
Why the alien amount is doubled
North Carolina permits collection agencies through the Commissioner of Insurance under Article 70 of Chapter 58. A nonresident applicant files two bonds: the permit bond in favor of the State, and — under G.S. 58-70-20(c) — a bond in favor of the Department for the expenses of visiting and examining a nonresident agency in connection with a federal bankruptcy or State receivership proceeding in which the agency is the subject.
For an alien corporation — one organized under the laws of a country outside the United States — G.S. 58-70-5(a)(5) provides that the surety bond requirements shall be double the amount set by G.S. 58-70-20. That turns the $10,000 nonresident expense bond into a $20,000 filing. Chapter 58 also puts other conditions on alien agencies: they must be majority-controlled by a parent organized under United States law, and may service only accounts held by an affiliate or subsidiary of that same parent.
It is not insurance for you — if the Department recovers against the bond, you repay the surety. The bond runs on statutory permit dates and has to stay continuously on file; 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 go in alongside your permit bond at the Commissioner of Insurance. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $225 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, your NC license number and FEIN, an effective date, and a term.
Start the application →Common questions.
Other North Carolina bonds.
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Price and requirements checked on the carrier’s application, . Page updated .
File the alien agency bond today.
$225 flat, issued the moment you pay, no credit check. Free until issued.