North Carolina alien agency renewal bonds.
From $225.
An alien collection agency renewing its North Carolina permit files a replacement bond that G.S. 58-70-20 computes from prior-year collections less commissions, divided by six: $10,000 to $30,000, doubled for an alien corporation to $20,000 to $60,000. The premium is 1% of the bond amount plus a $25 fee, $225 minimum.
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How much does a North Carolina alien agency renewal bond cost?
1% of the bond amount plus a $25 fee, from $225 at the $20,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. 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. No credit check up to $60,000 for individuals and partnerships (above that, a soft pull at most); for corporations and LLCs, one soft pull at every amount, never a hard inquiry.
Pay & e-sign
The premium is 1% of the bond amount plus a $25 fee with a $225 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 wet-ink original of this bond is mailed to you.
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
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 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
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 sets the price
The premium is 1% of the bond amount plus a $25 fee, $125 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $60,000 for individuals and partnerships (above that, a soft pull at most); for corporations and LLCs, one soft pull at every amount, never a hard inquiry.
Where a check runs, it decides approval; the rate is the same for everyone approved.
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.
Price and requirements checked on the carrier’s application, . Page updated .
Renew your alien agency permit today.
1% of the bond amount plus a $25 fee, $225 minimum, issued the moment you pay. Free until issued.