WY service contract provider bonds.
From $100. Enter your amount.
Wyoming registers service contract providers with the Department of Insurance and makes each one prove it can actually perform the contracts it sold. The route most independent providers take is a funded reserve plus a financial security deposit placed in trust with the commissioner — 5% of gross consideration received, less claims paid, and never less than $25,000 — under W.S. § 26-49-103. A surety bond is one of the four accepted forms. Premiums cost 0.5% of the bond amount, $100 minimum; the application collects no credit information, and most applications approve instantly. Enter the amount your registration requires and your exact price appears at the application.
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Apply to filed in one sitting.
There is no underwriting queue for the standard provider deposit — enter your amount, pay, and file with the Department. Here is the whole thing:
Apply online
Your company details, the deposit amount your registration requires, and an effective date. That is the entire application — there is no credit section and no financial statement to attach.
Priced & issued
The rate is linear, so the number you see is final at checkout. The application collects no credit information, and most applications approve instantly.
File with the Department of Insurance
Submit the executed bond with your provider registration or renewal through the Department’s filing portal. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the provider deposit actually guarantees
A service contract is an agreement to repair, replace, or maintain a product for a term and for a separate charge — a vehicle service contract, a home warranty, an appliance or electronics protection plan. The provider is the party contractually obligated to the contract holder, and Wyoming regulates providers under W.S. § 26-49-101 et seq. rather than licensing them as insurers. Every provider selling into Wyoming registers with the Department of Insurance before it markets a contract here.
The chapter’s core requirement is financial responsibility, and W.S. § 26-49-103 gives three ways to satisfy it. A provider can insure all of its Wyoming service contracts under a reimbursement insurance policy. It can maintain a funded reserve of at least 40% of gross consideration received, less claims paid, on all in-force contracts and place a financial security deposit in trust with the commissioner worth at least 5% of that same figure, never less than $25,000. Or it can show a net worth of at least $100,000,000 for itself or for a parent company that guarantees its Wyoming obligations.
This bond is the deposit half of the second route. The statute accepts four forms — a surety bond issued by an authorized surety, securities of the type eligible for deposit by authorized insurers in Wyoming, cash, or a letter of credit from a qualified financial institution — and the bond is the only one that does not tie up real money. It stands behind your obligation to perform the contracts you sold. It is not insurance for you: if the surety pays, you repay the surety. And because the deposit tracks a percentage of gross consideration, recheck the figure every renewal as your Wyoming book grows.
You need this bond if you are
One application, priced on the spot.
These are the actual issuing fields — no credit section, because this application collects no credit information. Enter the deposit amount your registration requires and the price is final at checkout.
Start the application →Common questions.
Other Wyoming bonds.
One filing stands between you and a Wyoming registration.
Enter the deposit amount your registration requires, pay, and file with the Department of Insurance. Free until issued.