I received my bond 2 months ago and have been waiting for the state to approve my application. The state denied my application so I would like to cancel my bond and get a refund. What do I need to do?
I would contact your agent immediately, as it is likely that the bonding companies policy is that first year's premium is fully earned.
If you worked with one of our agents, they will tell you we will need the following in order to try and get a returned premium:
1) The original bond back in our possession.
2) A letter from the obligee that the bond has either not been filed or that the surety has no liabilty on the bond.