The Arkansas Entergy Utility Surety Bond is required by the Entergy Arkansas. A utility surety bond is requested to guarantee the payment of your utility bills. It could be required if you have a new service or if you have been past due previously.
In lieu of a cash deposit, Entergy Arkansas allows non-residential customers to secure their accounts in amounts and under terms and conditions that are acceptable to the company by submitting a letter of credit from a bank. They may also submit a surety bond instead. The surety bond must be executed by a surety company licensed to do business in the state of Arkansas.
This surety bond assures the electric company that all your bills will be paid on time. Unlike insurance, this surety bond does not protect you, instead, it protects the obligee, which is the state in this case. There is no set amount for the bond, so you may need to check with the utility company to know exactly how much your bond is.
The process is easy. Simply complete this easy to navigate online application form. Within 24 hours (Monday – Friday), one of out surety experts will contact you with a quote for your bond. Then make payment and sign some paperwork and your bond will be delivered USPS priority mail. Overnight shipping is also available.
Surety Solutions Insurance Services, Inc. (Surety1) has been providing Arkansas surety bonds since 2003. The company represents over a dozen surety bond companies and is rated A+ by Better Business Bureau.