Ohio Bingo Manufacturer Bond Guide
If you’re applying for a bingo manufacturer or distributor license in Ohio, you’ll likely need this surety bond.
Bond Overview
- Purpose: To financially enforce bingo licensing laws
- Who Needs It: Bingo manufacturers and distributors in Ohio
- Regulating Body: The Ohio Attorney General, Charitable Law Section
- Required Coverage: $50,000
- Premium Rate: $500–$5,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is an Ohio Bingo Manufacturer Bond?
An Ohio bingo manufacturer or distributor bond guarantees compliance with state bingo license laws.
The bond creates financial security to repay potential damages caused by a manufacturer or distributor.
How Much Do Bingo Manufacturer Bonds Cost?
Ohio bingo manufacturer or distributor 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.
Who Needs a Bingo Manufacturer Bond?
The Attorney General, Charitable Law Section requires this bond as part of the licensing process for all bingo manufacturers and distributors in Ohio.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Ohio bingo manufacturer or distributor 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 Attorney General as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does an Ohio Bingo Manufacturer Bond Work?
A bingo manufacturer or distributor bond creates a legal contract between these three parties:
- Principal: You, the bingo manufacturer or distributor filing the bond
- Obligee: The Ohio Attorney General, Charitable Law Section requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Ohio Revised Code Section 2915.08.
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 bingo manufacturer or distributor bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
