The Kentucky Telephone Solicitation Bond is required by the Kentucky Office of the Attorney General in the amount of $50,000 for the year. The bond states that the bondholder will comply with the provisions of Sections 367.46981 (2) of the Kentucky Revised Statutes.
According to the Kentucky Revised Statutes, telephone solicitation refers to a live or recorded communication sent by
telephone or message sent by a facsimile machine to a residential, mobile, or telephone paging device telephone number, including a call made by an automatic dialing or recorded message device, for the purpose of:
- Soliciting a sale of consumer goods or services, offering an investment, business, or employment opportunity, or offering a consumer loan to the person called;
- Obtaining information that will or may be used for the solicitation of a sale of consumer goods or services, the offering of an investment, business, or employment opportunity, or the offering of a consumer loan to the person called;
- Offering the person called a prize, gift, or anything else of value, if payment of money or other consideration is required in order to receive the prize or gift, including the purchase of other merchandise or services or the payment of any processing fees, delivery charges, shipping and handling fees, or other fees or charges; or
- Offering the person called a prize, gift, or other incentive to attend a sales presentation for consumer goods or services, an investment or business opportunity, or a consumer loan
All telemarketing companies must be registered with the attorney general before they can do their business in the state.
What are the requirements that must be met?
The applicants must submit an application form, along with a $300 filing fee, and the Kentucky Telephone Solicitation Bond worth $50,000.
Where can I get a Kentucky Telephone Solicitation Bond?
At Surety Solutions Insurance Services, Inc. (Surey1) it is easy to obtain this bond. Our process is simple. Just complete our easy to use, online application form and within one business day, one of our surety experts will contact you with a free, no obligation quote.
Surety1 has been in the business since 2003 and we are also rated A+ by Better Business Bureau.