This surety bond is required by the State of Connecticut DMV under Section 14-52(b) or Section 14-15 of the Connecticut General Statutes in the amount of $10,000. This bond ensures that the Principal complies with the provisions of any State or Federal law or regulation relating to the conduct of such business and provides indemnity for any loss sustained by any person by reason of any acts of the licensee constituting grounds for suspension or revocation of the license or such licensee going out of business. The premium on this bond is usually as low as $100.
To Obtain a Connecticut Motor Vehicle Leasing/Renting Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.