Dismantler license alabama

Upon the renewal of your license, the renewal of your bond will be unlike the year before. Unfortunately, the Alabama Department of Revenue has made it abundantly clear that a rider— a change to the original bond—for the bond amount increase will not be accepted. As a result, your current surety bond will need to be canceled and rewritten. Not only that, but the Obligee now requires the bond to be written on a new bond form.

The Obligee will pre-fill out the bond form and then provide it to you after you apply for your renewal. This change will likely double your current premium. What you pay for your bond is your premium. The premium is usually a percentage of your bond amount. We call this percentage your premium rate. The better your credit, the lower your rate and, therefore, the less you pay for your bond. To calculate your premium, multiply your premium rate by the bond amount. So, your premium doubled even though your premium rate has not changed.

Luckily, you still have time to prepare before your renewal deadline of October 1 st! Should you need or choose to buy a surety bond, call us first.

When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.

For a downloadable application SuretyGroup. Toggle navigation SuretyGroup. Contract Bonds. Court Bonds. Or call