North Carolina foreign agency permit bonds.
From $125.
A foreign (out-of-state) collection agency files this replacement permit bond with the North Carolina Commissioner of Insurance under G.S. 58-70-20 when an existing bond is swapped out mid-permit. The statute sets the amount. The premium is 1% of the bond amount plus a $25 fee, $125 minimum.
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How much does a North Carolina foreign agency permit bond cost?
1% of the bond amount plus a $25 fee, from $125. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
A replacement bond is the same filing as the original, on a fresh form. Enter the amount, pay, and mail it in. Here is the whole thing:
Apply online
Business details, your NC license number and FEIN, the bond amount, an effective date, and a term. No credit check up to $40,000.
Pay & e-sign
Pricing is amount-based, not underwriting-based — 1% of the bond amount plus a $25 fee, $125 minimum — so the bond issues the moment you pay, with the power of attorney attached.
Mail it to the Department
This filing is made on paper: your executed bond arrives by email and we mail the wet-ink original to the Commissioner of Insurance so the replacement lands on file.
What it is and who needs it.
What a replacement bond does
North Carolina makes the surety bond a condition precedent to a collection agency permit under G.S. 58-70-20. The bond runs in favor of the State of North Carolina and has to stay continuously on file — so when an agency changes sureties, corrects a bond, or has one cancelled mid-permit, a replacement bond goes to the Commissioner of Insurance to close the gap.
The amount does not change because it is a replacement: $10,000 for an initial permit, and between $10,000 and $30,000 on a renewal permit, computed from the prior year's collections less commissions. A foreign agency — organized outside North Carolina but inside the United States — files this bond plus the separate nonresident examination-expense bond under subsection (c).
It is not insurance for you — if the surety pays a claim, you repay the surety. This filing is a mail filing, so we send the wet-ink original along with the e-signed copy, and we 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 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: your executed bond arrives by email and we mail the wet-ink original to the Commissioner of Insurance so the replacement lands on file.
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 $40,000. Above that, the carrier may run a soft pull, which never affects your score.
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 NC license number and FEIN, the bond amount, an effective date, and a term.
Start the application →Common questions.
Other North Carolina bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get the replacement bond on file.
1% of the bond amount plus a $25 fee, $125 minimum, issued the moment you pay. Free until issued.