The Arkansas Beauty Pageant Operator Surety Bond is required by the Arkansas Department of Finance and Administration. The bond is required to pay out on any losses caused by a failure to conduct a beauty pageant. The bond amount needed is $10,000. The cost of this surety bond is $125.00 per year and no credit check is required.
The Arkansas Code Title 17-21-201 states that no one will be allowed to hold a beauty pageant in the state of Arkansas until they are registered with the Director of the Department of Finance and Administration. Of course, there are exceptions to the rule. For example, bona fide civic clubs that have been operating for at least a year, religious or church organizations, government entities or schools, and nonprofit organizations are exempted from having to be registered.
Meanwhile, those that need to register must give pertinent information such as names, address, and contact numbers of the operator, the organization responsible for the pageant. They must also present the other pageants that are promoted by the operator. This registration expires every December 31st and must be renewed annually.
A surety bond amounting to $10,000 must also be submitted with the registration form. The operator of the beauty pageant will serve as the principal, while the state of Arkansas is the obligee. The, which should be issued by a surety company licensed in the state, ensures Arkansas that if any person who may suffer losses due to failure to hold a beauty pageant will be paid accordingly.
The process of getting the surety bond is simple. We offer an online application that can be completed in a matter of minutes. Soon after applying you will be contacted by one of our licensed agents with a firm quote. Once you’ve signed the necessary paperwork and made the payment, your bond will be delivered to you.
Surety Solutions Insurance Services, Inc. (Surety1) is licensed in all 50 states and is rated A+ by the Better Business Bureau. The comany has been writing Arkansas surety bonds since 2003.