North Carolina foreign agency expense bonds.
$100 flat.
A nonresident collection agency files a second bond in North Carolina: a $10,000 bond in favor of the Department of Insurance under G.S. 58-70-20(c), covering what it costs the Department to visit and examine an out-of-state agency in a federal bankruptcy or State receivership proceeding. Ours is $100 flat.
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How much does a North Carolina foreign agency expense bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
The nonresident expense bond is one of the simplest filings in surety — the statute already picked the amount. Here is the entire process:
Apply online
Business details, your FEIN, 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 go in alongside your permit bond at the Commissioner 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 Commissioner of Insurance under Article 70 of Chapter 58. Beyond the permit bond in favor of the State, G.S. 58-70-20(c) requires a nonresident applicant to file a separate $10,000 bond in favor of the Department. Its stated purpose is reimbursing the Department for expenses incurred in visiting and examining a nonresident collection agency in connection with a federal bankruptcy or State receivership proceeding in which the agency is the subject.
A foreign agency is one organized in another state but within the United States, and it posts this bond at the statutory $10,000. An alien agency — organized outside the United States — posts double, because G.S. 58-70-5(a)(5) doubles the bond requirements set by 58-70-20 for alien corporations.
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 on file for as long as the permit does; 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 $10,000 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 $100 at the $10,000 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 FEIN, an effective date, and a term. That is the entire application.
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 .
File both NC agency bonds today.
$100 flat, issued the moment you pay, no credit check. Free until issued.