Alaska Air Ambulance Bond Guide
If you’re applying for an air ambulance service certification in Alaska, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure payment for any claims settlements
- Who Needs It: Medivac, critical car air ambulance, or specialty aeromedical transport service providers in Alaska
- Regulating Body: The Alaska Division of Insurance
- Required Coverage: $100,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is an Alaska Air Ambulance Bond?
All air ambulances or medevac service providers that have operated in Alaska for less than two years need a $100,000 surety bond to register with the Director of Insurance.
The bond coverage ensures that funds are available to settle any claims made by the state or the public. After two years, you no longer need the bond as long as there are no claims.
How Much Do Air Ambulance Bonds Cost?
Alaska air ambulance bonds cost a small percentage of the $100,000 coverage amount, typically $1,000–$10,000.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get an Alaska air ambulance bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the Division of Insurance as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Alaska Air Ambulance Bond Work?
An air ambulance bond creates a legal contract between these three parties:
- Principal: You, the air ambulance service provider filing the bond
- Obligee: The Alaska Division of Insurance requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all applicable provisions of Alaska Administrative Code.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
