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  1. Redbull
    Redbull is offline Member
    Join Date
    Oct 2006
    Posts
    86

    Bond Amount of $10,000

    Hello,
    I have come to realize that many bonds are required for different amounts for different states. Why is the ICC bond always $10,000, and never has to be increased or decreased?
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  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    Keep in mind that the ICC bond is a Federal requirement. Therefore, there is no change in the obligee depending on the location of the principal.
    Surety Bond Articles
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