Why can't I get a refund?

[Bond Magician]

Why can't I get a refund if I choose not to proceed with my business after I obtain my surety bond?

[Bond Guy]

Typically within the first year there is no premium return on the bond. We call this "Fully Earned" so i if you cancel mid term there would be no return of premium. In some cases, if the state has not accepted your application and the bond is not "used" it may be returned to the Surety Company. It is at their discretion if they will provide any return of premium. Most times if the bond is not marked or stamped there will be some sort of premium return.