A Nevada Fuel Supplier Bond is a type of surety bond required for anyone who imports, sells, or delivers motor fuel into the state. This includes fuel dealers, fuel suppliers, special fuel dealers, and special fuel suppliers. The bond is required to ensure that the licensee will comply with all applicable state laws and regulations, including paying all taxes and fees. The amount of the bond is determined by the Nevada Department of Motor Vehicles (DMV) on a case-by-case basis. However, the minimum bond amount is $1,000. The bond must be obtained from a surety company that is licensed to do business in Nevada.
The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.
How to Get a Nevada Fuel Supplier 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 Nevada Fuel Supplier 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 and maintains an A+ rating by the Better Business Bureau.
How to get a Fuel Supplier License
To obtain a Nevada Fuel Supplier license, you will need to follow these steps:
- Complete the Application for Motor Fuel and Special Fuel Licensing (MC 042). You can download the application from the Nevada DMV website or request a copy from the DMV by calling (775) 684-4711.
- Submit the application to the Nevada DMV along with the required documentation. The required documentation includes:
- A Nevada Fuel Supplier Bond
- A copy of your Federal Employer Identification Number (FEIN).
- A copy of your business license, if applicable.
- A detailed description of your business activities.
- A list of all of the terminals or bulk storage facilities that you will be using.
- Pay the required fees. The fees for a Nevada Fuel Supplier license are as follows:
- Initial application fee: $100
- Annual renewal fee: $100
- You can pay the fees online, by mail, or in person at a DMV office.
Once you have completed all of the steps above, the DMV will review your application and determine whether to issue you a license. If your application is approved, you will receive your license in the mail within a few weeks.
Here are some additional tips for getting a Nevada Fuel Supplier license:
- Start the application process as early as possible, as it can take several weeks to complete.
- Make sure that you have all of the required documentation before you submit your application.
- If you have any questions, you can contact the Nevada DMV by calling (775) 684-4711.