Game promotion bond cost
The Florida Department of Agriculture and Consumer Services requires operators of game promotions to post a surety bond in the amount of their promotion giveaway prize. These bonds are subject to underwriting, which means the amount you’ll pay varies based not only on your required bond amount but also on a review of your personal credit report.
Applicants with strong financial credentials could pay as low as 1% of their required bond amount. Don’t worry if your credit is less-than-stellar! Surety Bonds can still get you the bond you need quickly, easily and accurately.
Why this bond
Florida game promotion bonds ensure that principals (game operators) perform all duties according to the provisions set in 849.094 of the Florida Statutes. Specifically, this bond ensures that winning contestants actually receive their prize at the end of the sweepstakes or game.
If the principal fails to conduct business ethically, lawfully and as contracted, the bond protects harmed individuals from financial loss up to the full amount of the bond.
Game promotion bond cost details
Florida game promotion surety bonds are continuous until canceled. The surety can cancel the bond by giving written notice of cancellation to the Department of Agriculture and Consumer Services. Cancellation goes into effect 30 days after the department receives the surety’s notice.
The proper name of the game being promoted must appear on the bond form, so applicants should have this information ready during the bonding process.
Become a game promotion operator
Florida law requires applicants to file game promotion details with the Department of Agriculture and Consumer Services at least 7 days before the promotion begins. To apply, applicants must:
- Complete the Filing Application form
- Submit the original surety bond form to the department
- Submit a waiver, if necessary
- Review the Rules and Regulations for Game Promotion
- Submit the $100 filing fee
- And more
Apply for your surety bond
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