Tennessee Motor Club Agent Bond Overview
- Purpose: To ensure that auto club agents follow laws and fulfill member contracts
- Who Needs It: Automobile club agent license applicants in Tennessee
- Regulating Body: The Tennessee Department of Commerce
- Bond Amount: $20,000
- Premium Price: $200 for one year
What Is a Tennessee Motor Club Bond?
The Tennessee Department of Commerce requires all automobile or motor club agents soliciting membership sales to file a $20,000 surety bond.
A Tennessee automobile club bond (or motor club bond) holds agents financially responsible for upholding state licensing laws.
How Much Do Motor Club Bonds Cost in Tennessee?
The state-required $20,000 automobile club bond costs $200 for one year of coverage. There is also a 25% discount if you select a two- or three-year term. Buy the bond online in minutes.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Motor Club Bond Work?
This type of surety bond creates a legal contract between three parties.
- Principal: The bonded automobile club agent
- Obligee: The Tennessee Department of Commerce
- Surety: The issuing surety provider
If you break your obligations to members or licensing laws, the bond offers financial recourse to harmed parties. You are then required to repay the surety up to the full bond amount.
How Do I Get a Motor Club Bond?
With SuretyBonds.com, getting a Tennessee motor club bond is fast and easy. Follow these simple steps:
- Enter your information
- Checkout online
- Select your shipping method
After receiving the bond, sign and file it with the Department of Commerce along with your license packet. See more information on the licensing process at the end of this page.
How Fast Can I Get My Bond?
We offer three-day, two-day and next-day FedEx shipping options. This costs $20–$40. Get your same-day quote today and receive your motor club agent bond as quickly as tomorrow.
How Do I Renew My Bond?
We’ll send out helpful renewal reminders before the bond term expires. Follow the instructions to pay the renewal premium and extend the bond for another term.
If you no longer hold your auto club agent license, you may let the bond expire.
How to Get an Automobile Club Agent License in Tennessee
If you plan to solicit motor club memberships in Tennessee, submit the following agent licensing materials to the DCI:
- A completed, signed, and notarized application
- $20 filing fee
- Signed auto club agent relationship form
- Proof of a current insurance license with the State of Tennessee or a Personnel Selection Report/Criminal Background Check
Mail everything to this address:
Department of Commerce and Insurance
Agent Licensing Section
500 James Robertson Parkway
Nashville, TN 37243-1134
All Tennessee automobile club agent licenses expire annually on June 30.
