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Most states require either the insurance or a cash bond to be on file with the state. The insurance is always less expensive than the bond but it is an option.
Not sure but may, contact the AZ Dept of Insurance.
There is always a mandatory insurance. There is an auto insurance policy, there is self insurance, there is a certificate of deposit, and there is a liability bond.
No, if the card is stolen, go to the TPA concerned of national insurance along with a copy of policy bond and one color photo and they will arrange your card free.
What is an insurance security bond
What is an insurance bond certificate?
dealer/licence
You would need to obtain a surety bond. The amount of cash or security needed would depend upon the amount of the bond.
100,000 worth of bond insurance will vary depending on the type of bond. There will always be a large deductible to be met, and it is often 10 percent.
A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any. A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any.
After you are licensed, you will need to get appointed with an insurance company and or wholesaler/general agent. Either of these entities will require you to have a bond and usually errors and omissions insurance.
If you are interested in becoming an actual auto transporter, you will have to apply for a DOT # and also an MC #, as well as insurance. If you are interested in becoming an auto transport broker, all that is required is an MC # and a bond. You can google "FMCSA" or "SAFER System" to apply for both licenses.