Who needs an Iowa Seller of Travel Bond?
An Iowa Seller of Travel Bond is required of any seller of travel that has a business location in Iowa or offers to sell travel related services to individuals in Iowa. The State of Iowa defines a seller of travel as a person who represents, directly or indirectly, that the person is offering or undertaking by any means or method, to provide travel services for a fee, commission, or other valuable consideration, direct or indirect. The term also includes a person employed by a travel agency whose principal duties include consulting with and advising persons concerning travel arrangements or accommodations. The Iowa Seller of Travel Surety Bond requirement is meant to provide a safeguard to consumers in the event that a seller of travel violates rules and regulations set forth in Iowa State Code Chapter 9D.
What bond amount do I need for the Iowa Seller of Travel Surety Bond?
The Iowa Seller of Travel Bond amount is $10,000. However, each seller of travel should contact the State of Iowa to determine the appropriate Iowa Seller of Travel Surety Bond amount. The Iowa Seller of Travel Bond must be executed by a surety company authorized to do business in the state. The surety bond also needs to be continuous in nature and include a provision which allows for 30 days notice prior to cancellation of the Iowa Seller of Travel Bond.
What is the current market for the Iowa Seller of Travel Bond?
The Iowa Seller of Travel Surety Bond can be obtained relatively easy regardless of credit and experience. It requires a basic application which includes information about the company and a credit check which is performed by the surety company. Quotes for the Iowa Seller of Travel Surety Bond are usually delivered the same day as the application is received.
What will my Iowa Seller of Travel Bond cost?
Your Iowa Seller of Travel Surety Bond cost is depending upon your personal credit score. Applications with excellent credit should expect the cost to be $100-300 annually while individuals with bad credit should expect the cost to be $400-1,000 annually. The easiest way to obtain a firm quote is to complete our online application below.
How do I apply for an Iowa Seller of Travel Bond?
- Complete our online Iowa Seller of Travel Bond application, or
- Download and complete our printable Iowa Seller of Travel Bond application, and
- Receive your surety bond quote in minutes!