Wyoming Based Manufacturer Bond Guide
If you’re applying for a motor vehicle manufacturer license in Wyoming, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure manufacturers uphold state laws and regulations
- Who Needs It: Motor vehicle manufacturers and distributors based in Wyoming
- Regulating Body: The Department of Transportation, Motor Vehicle Services
- Required Coverage: $25,000
- Premium Rate: $250–$2,500, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Wyoming Based Manufacturer Bond?
A Wyoming based manufacturer bond ensures that vehicle manufacturers do not practice fraud and misrepresentation or violate federal or state laws.
How Much Do Based Manufacturer Bonds Cost?
Wyoming based manufacturer bonds cost a small percentage of the $25,000 coverage amount, typically $500–$750.
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 Wyoming Based Vehicle Manufacturer Bond?
The Department of Transportation, Motor Vehicle Services requires this bond as part of the licensing process for motor vehicle manufacturers and distributors in Wyoming.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Wyoming based manufacturer 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 mail you the bond via your preferred shipping method. Be sure to file it with the Department as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Wyoming Based Manufacturer Bond Work?
A Wyoming based manufacturer bond creates a legal contract between these three parties:
- Principal: You, the vehicle manufacturer filing the bond
- Obligee: The Department of Transportation, Motor Vehicle Services requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all applicable provisions of Wyoming 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 must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your based manufacturer bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
