North Carolina foreign agency expense bonds.
$125 flat.
An out-of-state collection agency files this replacement for its nonresident examination-expense bond, the $10,000 bond in favor of the North Carolina Department of Insurance required by G.S. 58-70-20(c), when the bond on record is canceled, corrected, or moved to a new surety. Ours is $125 flat.
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How much does a North Carolina foreign agency expense bond cost?
$125 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
A replacement bond is the same instrument on a fresh form, so nothing about the process changes. Here it is end to end:
Apply online
Business details, your NC license number and FEIN, an effective date, and a term. No credit check.
Pay & e-sign
This bond is checkout-priced at $125 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
Mail it to the Department
This filing is made on paper: the e-signed bond arrives by email and we mail the wet-ink original to the Commissioner of Insurance so it replaces the bond on record.
What it is and who needs it.
What a replacement bond does
G.S. 58-70-20(c) requires a nonresident applicant for a North Carolina collection agency permit to file a $10,000 bond in favor of the Department, on top of the permit bond that runs in favor of the State. Its purpose is stated in the bond itself: reimbursing the Department for expenses of visiting and examining a nonresident collection agency in connection with a federal bankruptcy or State receivership proceeding.
Because a permit cannot stand without its bonds on file, an expense bond that is cancelled, mis-issued, or moved to a different surety has to be succeeded by a replacement bond. The amount does not change — it stays the statutory $10,000 for a foreign agency. An alien agency posts $20,000, because G.S. 58-70-5(a)(5) doubles the 58-70-20 requirements for alien corporations.
It is not insurance for you — if the Department recovers against the bond, you repay the surety. This is a mail filing, so we send the wet-ink original along with the e-signed copy and track the statutory renewal date for you.
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
Mail it to the Department. This filing is made on paper: the e-signed bond arrives by email and we mail the wet-ink original to the Commissioner of Insurance so it replaces the bond on record.
What sets the price
The premium is fixed at $125 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 NC license number and FEIN, an effective date, and a term.
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 .
Get the replacement bond on file.
$125 flat, issued the moment you pay, wet-ink original mailed. Free until issued.