Kentucky Professional Solicitor Bond Guide
If you’re applying for a charitable solicitor license in Kentucky, you’ll need this surety bond.
Bond Overview
- Purpose: To protect charitable organizations from mismanagement of funds or inappropriate solicitations
- Who Needs It: Individuals that manage, solicit, and raise funds for charities
- Regulating Body: The Kentucky Office of the Attorney General
- Required Coverage: $25,000
- Premium Rate: Credit-based, starting at $267
Learn all about the bond requirements and process in this guide.
What Is a Kentucky Professional Solicitor Bond?
A Kentucky professional solicitor bond protects charitable organizations from damages due to mismanagement of funds or inappropriate solicitation activities.
The Kentucky Office of the Attorney General requires this bond as part of the professional solicitor licensing process to ensure these individuals follow state laws and regulations. =
How Much Do Professional Solicitor Bonds Cost in Kentucky?
Kentucky professional solicitor bonds cost a small percentage of the $25,000 bond amount based on credit score.
Rates start as low as $267 for qualified applicants. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Professional Solicitor Bond?
The Office of the Attorney General requires this bond for all licensed charitable solicitors. Kentucky defines a charitable solicitor as any person who solicits contributions from the public for compensation.
Bona fide employees, officers, attorneys, and financial officers are not included in this definition.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Kentucky professional solicitor 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 the bond with the Office of the Attorney General as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Kentucky Professional Solicitor Bond Work?
As with all surety bonds, a professional solicitor bond creates a legal contract between three parties:
- Principal: You, the professional solicitor filing the bond
- Obligee: The Kentucky Office of the Attorney General requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of the Kentucky Charitable Solicitations Act.
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 on December 31. To renew your professional solicitor bond, simply pay your renewal invoice when prompted.
After renewing, you’ll receive a continuation certificate to file with the Kentucky Office of the Attorney General as proof of ongoing coverage.
