The Alabama Uniform Surety Bond is required by the Alabama Securities Commission, State of Alabama. The bond is required to help enforce that the Principal will comply with all applicable provisions, orders, and rules and regulations issued pursuant to the applicable securities statutes of the State of Alabama
What is the Purpose of an Alabama Uniform Surety Bond?
According to the Alabama Securities Commission Administrative Code, any dealer, agent, investment adviser, or investment adviser representative must apply to the commission in order to conduct their business in the state. The application should contain the following:
- The form and organization
- A proposal detailing how the applicant
- The qualifications of the applicant, including classes or training, received.
- For dealers and investment advisers, they must also list down the qualifications of any partner, officer directly or indirectly involved with the business.
- The applicant must also state whether they have been convicted of a misdemeanor or felony
- A surety bond in an amount that should not be less than $50,000.
The surety bond is needed so that the state will be assured that you will follow all the rules and regulations and that you will not conduct your business in an illegal manner.
How can I get an Alabama Uniform Surety Bond?
It does not take long to process an Alabama Uniform Surety Bond. We offer an easy to use online application that can be completed in a matter of minutes. After applying, within one business day you will be contacted by one of our licensed agents with
Friendly agents available to answer your questions.
a firm quote. You just need to complete some paperwork, make payment and your surety bond will be mailed to you. Overnight shipping is available as well. The bond must be mailed to you as you will need to sign and turn in the original bond with wet signatures and a raised seal.
Surety1 is licensed in all 50 states and is rated A+ by the Better Business Bureau. Surety1 has been writing surety bonds in Alabama since 2003.