Telemarketing company bond cost
The Kentucky Office of the Attorney General requires telephone solicitation companies to post $50,000 surety bonds. These bonds are subject to underwriting, which means the price an applicant pays depends on a review of his or her personal credit report. The best way to find out exactly how much you’ll pay for your bond is to apply for a free surety bond quote now!
Why this bond
Kentucky telemarketing company bonds ensure that principals (telemarketing companies) comply with all provisions of KRS 367.46951 to 367.46999, which is also known as the Telephone Solicitations Act. If the principal fails to adhere to these terms, a claim can be filed against the bond. If the claim is validated, the surety will cover financial losses suffered by harmed parties as a result of the principal’s business practices up to the full bond amount, and the principal must reimburse the surety for damages paid out.
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Kentucky telemarketing company bonds remain in full force and effect until violated by the principal or canceled by the surety. The surety can cancel the bond at any time by filing written notice of cancellation with the Attorney General via certified mail 30 days prior to the effective date of the termination.KENTUCKY charges a surcharge of 1.8% on all bonds issued.
Become a telemarketing company
At least 10 days prior to doing business in Kentucky as a telemarketing company, applicants must file a completed Registration Statement, a $50,000 surety bond and the $300 registration fee. Registration is valid for 1 year from the registration date and can be renewed annually by filing a new registration statement, bond and a $50 filing fee.
All completed forms should be mailed to the Office of the Attorney General in Frankfort, Kentucky.For complete licensing information, visit the Additional Information section of this page.Begin the licensing process by purchasing the surety bond you need
Apply for your surety bond
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