A Florida Tobacco Products Distributor Bond, also known as a Florida Alcoholic Beverage and Tobacco Surety Bond is required by the Florida Department of Business and Professional Regulations (DBPR) for any entity wishing to obtain a Tobacco Products Distributor (TWD) Permit.
What are the requirements to get a Tobacco Products Distributor Permit?
The Florida DBPR requires a permit for the sale of tobacco products such as loose tobacco suitable for smoking, snuff, snuff flower, etc. (excluding cigarettes and cigars) for sale to retailers. To obtain this permit, the following must be submitted to the DBPR:
- A completed application (with notarized affidavit)
- A copy of any arrest dispositions (if applicable)
- A copy of mitigation of moral character (if applicable)
- A right of occupancy (if applicable)
- A letter from the cigarette taxing authority (if applicable)
- A $1,000 Florida Tobacco Products Distributor Surety Bond (form ABT-6032) issued by a Surety Company licensed in Florida
- Note: Surety1 represents over a dozen “A” rated surety companies all licensed in Florida!
- A Secretary of State Certificate of Status (if applicable)
- A Federal Employer’s Identification Number (FEIN)
- A $25 license fee
More information about these licensing requirements and procedures can be found on the Florida DBPR website.
What is the purpose of a Florida Tobacco Products Distributor Surety Bond?
The purpose of a Florida Alcoholic Beverage and Tobacco Surety Bond is to protect the state of Florida from financial losses that may occur as a result of the distributor failing to comply with Florida tobacco laws and regulations. The bond is also intended to deter distributors from engaging in unethical or illegal practices.
The bond is required for all tobacco products distributors in Florida, regardless of whether they are located in the state. The bond amount is $1,000 for a single distributor with four or fewer supplemental licenses, and $2,000 for a single distributor with more than four supplemental licenses.
If a distributor fails to comply with Florida tobacco laws and regulations, the state of Florida may file a claim against the distributor’s surety bond. The surety company will then investigate the claim and, if it is valid, will pay the state of Florida up to the amount of the bond. The surety company may then seek reimbursement from the distributor.
The Florida Tobacco Products Distributor Bond protects the state of Florida from a variety of potential losses, including:
- Failure to pay tobacco taxes
- Sale of tobacco products to minors
- Sale of counterfeit tobacco products
- Sale of tobacco products in violation of other Florida tobacco laws and regulations
The bond also protects the state of Florida from financial losses if the distributor becomes insolvent or goes bankrupt.
In addition to protecting the state of Florida, the Florida Tobacco Products Distributor Surety Bond also helps to ensure that tobacco products distributors operate in a fair and ethical manner. The bond acts as a deterrent to unethical behavior and helps to promote compliance with Florida tobacco laws and regulations.
Where can I get a Florida Tobacco Products Distributor Bond?
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Surety Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.