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Mississippi
Prepaid Legal Expense Insurance Special Deposit Bond

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Coverage Amount: $25,000
Term Length: 1 year
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Mississippi Prepaid Legal Expense Insurance Bond Guide

If you’re offering a legal services plan benefit to employees or organization members in Mississippi, you’ll need this surety bond. 

Bond Overview

  • Purpose: To ensure sponsors properly account for all collected funds
  • Who Needs It: All prepaid legal plan sponsors in Mississippi 
  • Regulating Body: The Mississippi Insurance Department
  • Required Coverage: $25,000
  • Premium Rate: $250–$2,500, credit-based

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

A Mississippi prepaid legal expense insurance special deposit bond holds sponsors responsible for upholding state regulations. The bond also protects clients if a plan sponsor mishandles funds.

Mississippi prepaid legal expense insurance special deposit bonds cost a small percentage of the bond amount, typically $250–$2,500.


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

Bond Type
$25,000Prepaid Legal Expense Insurance Special Deposit Bond

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

The Mississippi Insurance Department requires this bond as part of the licensing process for all legal expense insurance plan sponsors in the state.  

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Mississippi prepaid legal expense insurance special deposit 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 Insurance Department 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 prepaid legal expense insurance special deposit bond creates a legal contract between three parties: 

  1. Principal: You, the legal expense insurance sponsor filing the bond
  2. Obligee: The Mississippi Insurance Department requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of MS Code § 83-49-23. 

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 prepaid legal expense insurance special deposit bond, simply pay your renewal invoice when prompted. 


After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage.

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

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