Virginia Title Insurance Settlement Agent Surety Bond
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| Bond Amount Required | Bond Term | Annual Premium |
| $200,000 | 1 Year | $2,000 |
Title insurance agents and agencies acting as settlement agents in Virginia must maintain a surety bond as part of the state’s settlement-agent registration requirements. Required by the State of Virginia, the title insurance settlement agent surety bond guarantees compliance with applicable settlement-agent laws and provides financial protection for aggrieved persons with covered claims.
Cost of the Virginia Title Insurance Settlement Agent Surety Bond
The cost of the $200,000 Virginia title insurance settlement agent surety bond is $2,000 per bond term with NNA Surety. Secure this surety bond today.
How the Virginia Title Insurance Settlement Agent Surety Bond Works
The Virginia title insurance settlement agent surety bond holds settlement agents financially accountable for complying with Virginia laws, regulations and orders governing settlement agents. The bond may provide a remedy for the Commonwealth or aggrieved persons when the principal breaches covered requirements.
The bond involves three parties:
Principal: Title insurance settlement agent
Obligee: State of Virginia
Surety: Bonding company
A claim against the bond may be filed by the Commonwealth or an aggrieved person when the principal breaches covered Virginia laws, regulations or orders. The principal is responsible for reimbursing the surety for valid claims paid under the bond.
How to Get the Virginia Title Insurance Settlement Agent Surety Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete the application using Merchants Bonding ID# 137909.
- Pay the $2,000 bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your registration.
Learn more about your Virginia surety bond options across the state.
Secure Your Virginia Title Insurance Settlement Agent Surety Bond
Keep your Virginia settlement-agent registration requirements on track by securing the required surety bond today. Contact NNA Surety to get started and complete the required bonding process.