Embedded Insurance: Convenience at the Expense of Quality The year is 1925, and in a lobbying campaign so bold that it would make modern players blush, lawyers for Chrysler and Palmetto Fire Insurance Company are attempting to force their new partnership past a slate of skeptical state Insurance Commissioners and into the threshold of legality. The partnership was a first of its kind. Fire and theft insurance, provided by Palmetto, was embedded in the sale of new Chrysler cars. This historic example laid the foundation for a new insurance distribution model that is still with us today ..read more

Iowa Cigarette Manufacturer Permit Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain an Iowa Cigarette Manufacturer Permit bond, also formally known as an Iowa Cigarette, Tobacco, or Delivery Seller bond. At a Glance: Lowest Cost: $100 per year or $10 a month Bond Amount: $5,000 Who Needs It: All cigarette manufacturers operating in Iowa Who Regulates Cigarette Manufacturers in Iowa: The Iowa Department of Revenue Purpose: To ensure that the Department will receive compensation for financial harm if the permittee fails to pay all ..read more

Iowa Cigarette and Tobacco Distributor Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain an Iowa Cigarette and Tobacco Distributor bond, also formally known as an Iowa Cigarette, Tobacco, or Delivery Seller bond. At a Glance: Lowest Cost: $100 per year or $10 a month Bond Amount: $3,500 Who Needs It: All cigarette and tobacco distributors operating in Iowa Who Regulates Cigarette and Tobacco Distributors in Iowa: The Iowa Department of Revenue Purpose: To ensure that the Department will receive compensation for financial harm if t ..read more

Iowa Cigarette Distributor, Wholesaler, and Distributing Agent Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain an Iowa Cigarette Distributor, Wholesaler, and Distributing Agent bond, also formally known as an Iowa Cigarette, Tobacco, or Delivery Seller bond. At a Glance: Lowest Cost: $100 per year or $10 a month Bond Amount: $2,500 Who Needs It: All cigarette distributors, wholesalers, and distributing agents operating in Iowa Who Regulates Cigarette Distributors, Wholesalers, and Distributing Agents in Iowa: The Iowa Department ..read more

BondExchange Lowers Rates on Florida Dealer Bonds Your auto dealer clients continue to suffer from supply chain issues and inflationary pressures, painting the picture of a turbulent economy. While trends may seem positive for franchise dealers through the end of 2024, used dealers continue to struggle. This slough of operational and market pressures is enough to cause seasoned dealers significant strife, and the last thing they need to worry about is securing their surety bond.  BondExchange agents now have a leg up with exclusive access to our Florida Motor Vehicle Dealer Bond p ..read more

Texas Mixed Beverage Sales Tax Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain a Texas Mixed Beverage Sales Tax bond. At a Glance: Lowest Cost: $200 per year or $20 a month Bond Amount: Determined on a case-by-case basis (more on this later) Who Needs It: All mixed beverage and private club permit holders operating in Texas Purpose: To ensure that the Comptroller will receive compensation for financial harm if the permit holder fails to pay all required taxes Who Regulates Mixed Beverage and Private Club Permit Holders in Texas ..read more

Texas Mixed Beverage Gross Receipts Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain a Texas Mixed Beverage Gross Receipts bond. At a Glance: Lowest Cost: $200 per year or $20 a month Bond Amount: Determined on a case-by-case basis (more on this later) Who Needs It: All mixed beverage and private club permit holders operating in Texas Purpose: To ensure that the Comptroller will receive compensation for financial harm if the permit holder fails to pay all required taxes Who Regulates Mixed Beverage and Private Club Permit Holders ..read more

Texas Continuous Bond of Seller (Sales Tax): A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain a Texas Continuous Bond of Seller (Sales Tax). At a Glance: Lowest Cost: 4% of the bond’s limit Bond Amount: Determined on a case-by-case basis (more on this later) Who Needs It: All sales tax permittees operating in Texas that have become delinquent in the payment of taxes Purpose: To ensure that the Comptroller will receive compensation for financial harm if the permit holder fails to pay all required taxes Who Regulates Sales Tax Permittees ..read more

Georgia Tobacco Distributors Tax Stamp Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain a Georgia Tobacco Distributors Tax Stamp bond. At a Glance: Lowest Cost: $100 per year or $10 a month Bond Amount: Determined on a case-by-case basis (more on this later) Who Needs It: All licensed tobacco distributors operating in Georgia that have been permitted to purchase tax stamps on account Purpose: To ensure that the Georgia Department of Revenue will receive compensation for financial harm if the licensee fails to pay all required sta ..read more

Georgia Cigar, Cigarette, and Vapor Products Distributor Bond: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain a Georgia Cigar, Cigarette, and Vapor Products Distributor bond. At a Glance: Lowest Cost: $100 per year or $10 a month Bond Amount: Determined on a case-by-case basis (more on this later) Who Needs It: All cigar, cigarette, and vapor product distributors operating in Georgia Purpose: To ensure that the Georgia Department of Revenue will receive compensation for financial harm if the licensee fails to pay all required taxes W ..read more