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New York Games of Chance Bond

Bond Requirements and Online Application

The New York Games of Chance Bond is required by the State of New York. The bond states that the bondholder shall perform and fulfill all undertakings and obligations as offered in such game, contest, promotion, advertising scheme or plan. As provided in Section 369-e of the General Business Law. The amount of the bond shall be equal to the total value of the prizes offered. In addition, the bond should  be issued by a surety company licensed to do business in the state.

What is the purpose of the Games of Chance Bond?

The bond protects the consumer against fraud on the part of the the bond holder. Whether an individual, firm or corporation. The bond shall be in favor of the people of New York.

Who needs a bond?

New York Game of Chance Bond

The New York Department of State is the filing office for registering as a Games of Chance organization. A license is required if the organization awards prizes based on a designated winning number(s), color(s), or symbol(s), determined by chance where the prizes offered is in excess of $5,000.

The Games of Chance Bond is one of the  licensing requirements. In addition to the bond, a Games of Chance Registration must be forwarded to the New York Secretary of State, Division of Corporations, State Records and Unicform Commercial Code. There is a $100 fililing fee.

How do I obtain a New York Games of Chance bond?

Start the process by first completing our free, online application. After that, one of our licensed agents will contact you with a no-obligation quote on the bond premium. Next, after any necessary paperwork is signed and the premium payment is processed, your New York Games of Chance bond will be shipped to you. You can choose either USPS Priority Mail or Overnight, for an additional fee.

The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.

 

 

 

How to Get Your New York Games of Chance Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your New York Games of Chance Bond!   If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days

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