Louisiana Home Service Contract Provider

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Home Service Contract Provider
License & Permit Bonds
Varies
Louisiana Home Service Contract Provider A new law regulating the home service contract industry became effective January 1, 2010 . The new law requires registration of any home service contract provider operating in that state. To qualify as a home service contract provider, an entity must file its organizational documents (Articles of Incorporation, ByLaws) and demonstrate compliance with one of three financial responsibility requirements: insurance backing the service contract program; file a surety bond with the state?s Department of Insurance and maintain a reserve fund to pay future claims, or show evidence of having a net worth of at least $25 million. The law also establishes required disclosures in any service contract sold in the state and samples of such contracts are requested as part of the provider registration application filing.
SORPid: A-159

Home Service Contract Provider

Bond Details

State: Louisiana
Category: Home Service Cont...
Obligee: Louisiana Departm...
Amount: Varies
Duration: Stated on Bond
Expiration: Stated on Bond

Cost: Depends on applic...

Home Service Contract Provider
Cost:
Depends on application
State:
Louisiana
Category:
License & Permit Bonds
Obligee:
Louisiana Department of Insurance
Amount:
Varies
Duration:
Stated on Bond
Expiration:
Stated on Bond
scottsig
Home Service Contract Provider

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How do I get a Louisiana Home Service Contract Provider?

The application process for a Louisiana Home Service Contract Provider is quick and easy, usually only taking about five minutes from start to bond download (most instant issue bonds). Simply click the Buy Now button below, complete the few questions for the bond application, pay, then print your Bond (preferably in color). By posting a surety bond, principals pledge to comply with the conditions of any written contract or applicable law.