NC alien agency renewal bonds.
1% of the bond amount.
The replacement bond an alien collection agency files when its North Carolina permit renews. G.S. 58-70-20 computes the renewal bond from your prior calendar year — collections less commissions, divided by six, banded $10,000 to $30,000 — and G.S. 58-70-5(a)(5) doubles it for an alien corporation, so the band becomes $20,000 to $60,000. The premium is 1% of the bond amount, $100 minimum, and the wet-ink original is mailed to you.
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Apply to filed in one sitting.
Run the statutory computation, double it, then the rest is a checkout. Here is the whole process:
Apply online
Business details, your doubled renewal amount, an effective date, a term, and the mailing address for the original. Any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 1% of the bond amount with a $100 minimum, priced at checkout — the bond issues the moment you pay, with the power of attorney attached.
Sign the original and file it
The Department of Insurance takes the wet-ink original, so we mail it to the address you gave. Sign it as principal and file it with your renewal application.
What it is and who needs it.
How the doubled renewal amount works
Two provisions stack here. G.S. 58-70-20 sets the renewal-permit bond at no less than $10,000 and no more than $30,000, computed as total collections paid directly to the agency less commissions earned on those collections for the calendar year ending immediately prior to the application, multiplied by one-sixth. Then G.S. 58-70-5(a)(5) provides that for an alien corporation the surety bond requirements are double the amount set by G.S. 58-70-20.
The practical effect: an alien agency whose computation lands at $15,000 posts $30,000; one at the statutory floor posts $20,000; one at the ceiling posts $60,000. The bond keeps the same purpose it always had — it is for the benefit of any person, firm or corporation for whom the agency collects accounts, and it stays in effect until all moneys collected have been accounted for.
An alien agency also carries the separate examination-expense bond under G.S. 58-70-20, likewise doubled. Permits run July 1 to June 30 under G.S. 58-70-35(b), so this replacement bond is keyed to those dates. It is not insurance for you — if the surety pays, you repay the surety.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, your doubled renewal amount, an effective date, a term, and the mailing address.
Start the application →Common questions.
Other North Carolina bonds.
Renew your alien agency permit today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.