North Carolina alien agency expense bonds.
$100 flat.
An alien collection agency files this second North Carolina bond alongside its initial-permit bond: a $20,000 bond reimbursing the Department of Insurance for visiting and examining a nonresident agency. G.S. 58-70-20 sets $10,000, doubled for an alien corporation. Ours is $100 flat.
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How much does a North Carolina alien agency expense bond cost?
$100 at the $20,000 amount, the same for every applicant.
Three steps. One sitting.
Same application as the permit bond, on a separate form. 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 both bonds together
File the expense bond alongside your initial-permit bond at the North Carolina Department of Insurance. Wet-ink original mailed on request.
What it is and who needs it.
What the expense bond actually guarantees
North Carolina cannot examine an out-of-state collection agency the way it examines a local one, so G.S. 58-70-20 makes every nonresident applicant file an additional bond with the Commissioner of Insurance for the purpose of reimbursing the Department for expenses incurred in visiting and examining a nonresident collection agency — specifically in connection with a federal bankruptcy or State receivership proceeding in which the agency is the subject.
The statutory amount is $10,000, and under G.S. 58-70-5(a)(5) an alien corporation posts double the amounts set by G.S. 58-70-20 — so an agency headquartered outside the United States files this bond at $20,000. It is a separate obligation from the initial-permit bond that protects your creditor clients; alien agencies carry both.
This bond runs to the Department rather than to your clients, and it stays in place until terminated by the Commissioner. It is not insurance for you — if the surety pays, you repay the surety. Permits run July 1 to June 30 under G.S. 58-70-35(b), so the bond is keyed to those statutory dates; we 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 both bonds together. File the expense bond alongside your initial-permit bond 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.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Both alien agency bonds, issued today.
$100 flat, issued the moment you pay, no credit check. Free until issued.