Tennessee Telecommunications Service Provider Bond Guide
If you’re applying for a telecommunications service license in Tennessee, you’ll likely need this surety bond.
Bond Overview
- Purpose: To protect consumers from illegal and unethical business practices
- Who Needs It: All telecommunication service providers in Tennessee
- Regulating Body: The Public Utility Commission
- Required Coverage: $20,000
- Premium Rate: 1–3%, based on credit score
Learn all about the bond requirements and process in this guide.
What Is a Tennessee Telecommunications Service Provider Bond?
This bond ensures that telecommunication providers are transparent with their customers and creates financial liability if they fail to do so.
Companies must confirm with the consumer before switching the provider offering services. They also aren’t allowed to unreasonably over charge them.
How Much Do Telecommunications Service Provider Bonds Cost?
A telecommunications service provider bond costs a small percentage of the required $20,000 coverage amount, typically 1–3%.
For example, highly qualified applicants pay as low as $200. 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 Telecommunications Service Provider Bond?
The Public Utility Commission requires this bond as part of the licensing process for telecommunications service providers in Tennessee.
Common telecommunication services requiring this bond include:
- Cellular networks
- Police and fire communication systems
- Broadcast networks
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Tennessee telecommunications service provider 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 Commission as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Tennessee Telecommunications Service Provider Bond Work?
A telecommunications service provider bond creates a legal contract between these three parties:
- Principal: You, the telecommunications service provider(s), filing the bond
- Obligee: The Tennessee Public Utility Commission requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of the Tennessee Code Title 65 Chapter 4.
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 telecommunications service provider bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
