Arc Bond | Surety BondArc Bond Application
Type of BondThe ARC bond is a Surety bond, which is required by the Airlines Reporting Commission. The applicant for this ARC bond must have an existing business with good personnel and corporate credit. Any person desiring to become an ARC Agent must submit a Bond in the minimum amount of $20,000 before the agency may be included on the ARC Agency List. The amount of such Bond may not be reduced below $20,000 until the Agent has been included on the List for two years, at which time, subject to the average net cash remit from regular and PC sales, the amount may be decreased to a minimum of $10,000. The principal has to obtain a separate bond for each location
Program: Our agency currently has several specialty programs that can help you place your Arc Bond.
Arc Bonds are an extension of credit, like a loan your rate will be based upon your credit situation. Most surety agencies will decline your bond submission if you don't have a 700 credit score, but our company is different. We can help you in almost any credit or financial situation. Our rates start at 1% to 3% for most surety bonds. If your credit has taken a beating the rates start at 4% to 25%.
Always check with the "Obligee" for details
Our application process for a Arc Bond is easy. You can apply for the Arc Bond Application .Find this bond for another state
Obligee InformationAn obligee is the entity that is requiring you to have the Arc.
|State||Surety Bond type||Bond Amount||Obligee||More info|
|License Permit||Arc Bond||License Permit Arc Bond|
|Virginia||Arc Bond||Airlines Reporting Commission||Virginia Arc Bond|