North Carolina
Premium Finance Company Bond

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Coverage Amount: $1,000 - $25,000
Term Length: 1 year
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North Carolina Premium Finance Company Bond Guide

If you’re applying for a premium finance company license in North Carolina, you’ll need this surety bond. 

Bond Overview

  • Purpose: To protect customers who purchase insurance premium loans if the lender acts illegally
  • Who Needs It: All companies providing insurance premium financing in NC
  • Regulating Body: The Department of Insurance, Agent Services Division
  • Required Coverage: $1,000–$25,000
  • Premium Rate: 1–10% based on credit score

Keep reading to learn how to navigate the bonding process for your insurance premium financing company.

What Is a North Carolina Premium Finance Company Bond?

A North Carolina insurance premium finance company bond protects customers who purchase insurance premium loans if the business breaks industry regulations or acts illegally.

The North Carolina Department of Insurance (DOI) requires this bond as part of the licensing process for insurance premium financing providers in the state. 

How Much Do Premium Finance Company Bonds Cost in North Carolina?

North Carolina insurance premium finance company bonds cost a small percentage of the bond amount, typically 1–10% based on credit score.


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

Bond Type
$1,000-$25,000Premium Finance Company Bond

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

Who Needs a Premium Finance Company Bond? 

The North Carolina Department of Insurance Agent Services Division requires this bond for companies that issue loans to help other businesses or individuals pay for insurance premiums.

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a North Carolina insurance premium finance company 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 email you the bond shortly after purchase. Be sure to sign and mail the original bond form to the address below: 

NC Dept. of Insurance

Agent Services Division

ATTN: NIBE Team

1204 Mail Service Center

Raleigh, NC 27699-1204

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

How Does a North Carolina Premium Finance Company Bond Work? 

As with all surety bonds, an insurance premium finance company bond creates a legal contract between three parties: 

  1. Principal: You, the insurance premium finance company filing the bond
  2. Obligee: The North Carolina DOI, Agent Services Division requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Section 58-35-5 of the North Carolina General Statutes

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 insurance premium finance company bond, simply pay your renewal invoice when prompted. 

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

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

More Resources

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