VA bonded importer fuel bonds.
From $15,000 for the $2,000,000 statutory bond.
A bonded importer under the Virginia Fuels Tax Act files a bond with the DMV under § 58.1-2211. Unlike most fuels licensees, bonded importers post a fixed $2,000,000 — file it on form FT462. Our carrier quotes 0.75% of the bond amount, $15,000, and your exact price is confirmed at the application.
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Apply to filed in one sitting.
Enter your amount, pay, and file with the DMV. Larger bonds get a quick underwriting look. Here is the whole thing:
Apply online
Your business details, the $2,000,000 bond amount, and the effective date — that is the entire application.
Reviewed, then issued
A $2,000,000 bond gets a quick underwriting look, with an underwriter reaching out within 48 hours if anything is needed. Any credit check is a soft pull that never affects your score.
File with Virginia DMV
Submit the executed bond on form FT462 to satisfy the DMV. Wet-ink originals mailed whenever the Department insists on them.
What it is and who needs it.
What the fuels tax bond actually covers
Virginia administers the Virginia Fuels Tax Act (Code of Virginia Title 58.1, Chapter 22) through the DMV. A bonded importer imports motor fuel into Virginia on which the tax has not yet been precollected by a supplier, and must file a bond (or certificate of deposit) with the Commissioner as security.
Bonded importers are treated differently from ordinary distributors and blenders. Where most fuels licensees post three times their monthly tax liability (capped at $300,000), § 58.1-2211(A)(1) fixes the bond at $2,000,000 for bonded importers, position-holder suppliers, permissive suppliers, and terminal operators, reflecting the larger tax exposure of importing untaxed fuel.
The bonding company files the Fuels Tax Bond (form FT462) with the DMV; only that form is accepted. Our carrier quotes 0.75% of the bond amount, which is $15,000 at $2,000,000, and your exact price appears at the application. A bond this size gets a quick underwriting review.
You need this bond if you are
One short form to apply.
Submit the application for the $2,000,000 bond — a bond this size gets a quick underwriting review before issuance on form FT462.
Start the application →Common questions.
Other Virginia bonds.
Bonded importer bond, issued at honest pricing.
From $15,000 for the $2,000,000 bond. Apply online and file on form FT462.