Kentucky Internet Website Operator Bond Guide
If you’re selling online securities in Kentucky, you’ll need this surety bond.
Bond Overview
- Purpose: To protect customers harmed by a website operator’s wrongdoings
- Who Needs It: Anyone selling online securities in Kentucky
- Regulating Body: The Kentucky Department of Financial Institutions
- Required Coverage: $50,000
- Premium Rate: $500–$5,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Kentucky Internet Website Operator Bond?
Anyone involved with the sale of online securities in Kentucky must register with the Department Financial Institutions (DFI) and file a minimum $50,000 surety bond.
This ensures honest and ethical services by the site operator to protect consumers. Costs, fines and damages incurred to any person due to an operator’s wrongdoings may be covered by the bond.
How Much Do Internet Website Operator Bonds Cost?
Kentucky internet website operator bonds cost a small percentage of the $50,000 coverage amount, typically $500–$5,000.
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 a Kentucky internet website operator 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 mail you the bond via your preferred shipping method. Be sure to file it with the DFI as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Kentucky Internet Website Operator Bond Work?
A internet website operator bond creates a legal contract between these three parties:
- Principal: You, the internet website operator filing the bond
- Obligee: The Kentucky Department of Financial Institutions requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding license regulations and acting honestly.
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.
How Do I Renew My Bond?
These bonds expire annually. To renew your internet website operator bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.