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Alabama
Legal Service Insurance Corporation Bond

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Coverage Amount: $50,000
Term Length: 1 year
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Alabama Legal Service Insurance Corporation Bond Guide

If you’re applying for a legal expense insurance corporation license in Alabama, you’ll need this surety bond. 

Bond Overview

  • Purpose: To protect policyholders from insolvency or misconduct by a legal expense insurance provider
  • Who Needs It: Companies/individuals that wish to sell legal expense insurance plans
  • Regulating Body: The Alabama Commissioner of Insurance
  • Required Coverage: $50,000
  • Premium Rate: $500–$5,000, credit-based

Learn all about the bond requirements and process in this guide. 

An Alabama legal service insurance corporation bond is required for companies or individuals selling legal plan insurance policies. 

The bond acts as financial security in case the insurance provider becomes insolvent or otherwise fails to meet obligations for clients.

Alabama legal service insurance bonds cost a small percentage of the $50,000 bond amount, starting at 1% or $500.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$50,000Legal Service Insurance Corporation Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

The Alabama Commissioner of Insurance requires this bond as part of the licensing process for legal expense insurance providers in the state.  

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get an Alabama legal service insurance bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the Alabama Commissioner of Insurance as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

As with all surety bonds, a legal service insurance bond creates a legal contract between three parties: 

  1. Principal: You, the legal expense insurance provider filing the bond
  2. Obligee: The Alabama Commissioner of Insurance requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Section 27-43-8 Code of Alabama. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your legal service insurance bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date.

Call 1 (800) 308-4358 to talk with a Surety Expert

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