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What is the purpose of the Arkansas Cigarette Vending Bond?
The Arkansas Cigarette Vending Bond is required by the Arkansas Commission of Revenues Act 546 of 1977, as amended by Act 911 of 1979, as amended by Act 399 of 1983. The bond ensures that the Principal will faithfully perform the duties and obligations imposed upon him under said Acts. The bond amount varies from $2,000 to $6,000, depending on the amount of vending machines in operation. The required bond amount varies and is dependent on how many machines are in operation:
-1 to 30 machines, Bond Amount: $2,000
-31 to 60 machines, Bond Amount: $3,000
-61 to 90 machines, Bond Amount: $4,000
-91 to 120 machines, Bond Amount: $5,000
-Over 120 machines, Bond Amount: $6,000
To determine the cost of this bond, simply complete our easy online application.
How do I obtain my Arkansas Cigarette Vending Bond?
Surety Solutions Insurance Services Inc was established in 2003. Although our headquarters are located in California, we are actually licensed in all 50 states. We have also partnered with several surety markets to ensure that we would only offer the best rates for all our clients. Our application processing time is also very fast, with some applications taking just a business day to get approved!
If you wish to get this surety bond from us, please fill out and submit an online application form. You will then be contacted by our licensed agents who will give a no-obligation quote for your bond. If you find the price to your satisfaction, just pay the said amount and sign all the paperwork. We will then send the surety bond through USPS Priority Mail or overnight delivery.
With an A+ rating from the Better Business Bureau, you can only expect the best service from us here at Surety1.