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Virginia Competitive Local Exchange Service Bond

How much does a telephone service provider bond cost in Virginia?

The Virginia State Corporation Commission requires telecommunications companies that compete with other companies to offer telephone services to post $50,000 surety bonds to legally operate within the state.

SuretyBonds.com offers Virginia competitive local exchange service bonds for different costs depending on a review of each applicant’s personal credit report. Some surety underwriters might require current business financials and a personal financial statement to produce this bond, so applicants should have this information handy during the bonding process.

Request a free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Competitive Local Exchange Service Bond $50,000 Starts at $500 $2,000-$4,000 $5,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Call SuretyBonds.com at 1 (800) 308-4358 or click here to begin the bonding process.

Why do I need this bond?

Virginia competitive local exchange service bonds are put in place to ensure that principals (telecommunications companies) reimburse their customers for services not rendered if the Virginia State Corporation Commission determines that the principal has failed to comply with the commission’s rules and regulations.

Ready to get the bond you need? Apply for your free bond quote now!

What’s the fine print?

Virginia competitive local exchange surety bonds are continuous until canceled. The surety can cancel the bond by providing written notice to the state 30 days prior to the effective cancellation date.

How to become a telephone service provider in Virginia

To obtain a Virginia competitive local exchange service certification, individuals must include the following information on their applications:

  • the applicant’s name, address, telephone number, fax number and website address
  • the corporation name, address, telephone number, fax number, website address and type of entity
  • a list of officers and directors, or a list of principals if not a corporation
  • a toll-free telephone number for customer complaints and inquiries
  • the name, address, telephone number, fax number of the business
  • and more

For more licensing information, visit the Additional Resources section of this page. Kickstart the licensing process by purchasing the surety bond you need quickly, easily and accurately.

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Get a FREE Telephone Service Provider Bond Bond Quote Today!

Additional Resources

Competitive Local Exchange Service Bond Form

Virginia State Corporation Commission: Forms & Reports for Competitive Local Exchange Carriers

56-265.4;4 Certificate to operate as a telephone utility.

Virginia Acts of Assembly Chapter 376

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