For businesses that sell fishing licenses, a Fishing License Bond guarantees that the company will adhere to the proper regulations, including the timely payment of taxes and fees.

1. www.suretybondauthority.com|800-333-7800
FISHING
LICENSE
BOND
For businesses that sell fishing licenses, this
surety bond guarantees that the company will
adhere to the proper regulations, including the
timely payment of taxes and fees.

2. www.suretybondauthority.com|800-333-7800
WHAT IS A
LICENSE BOND?
FISHING
If you plan to start issuing fishing licenses through
your business, then your state may require you to
obtain a fishing license bond.
A fishing license is a type of surety bond that
provides assurance to the state that your business
will comply with all regulations and pay all taxes
and fees on time.

3. www.suretybondauthority.com|800-333-7800
3 PARTIES INVOLVED
There are three entities involved in the surety bond process.
The principal is the person or business that needs
to obtain the fishing license bond.
The surety is the underwriter, providing the
financial backing for the principal.
The obligee is the agency that requires a principal
to purchase a fishing license bond.

4. www.suretybondauthority.com|800-333-7800
HOW DOES THIS
BOND WORK?
If your business fails to meet the requirements of the
bond, then the state may file a claim against the bond.
The surety company will investigate the claim and
determine if paying the claim is necessary.
If they do, then the principal will need to reimburse
the surety company for the amount paid out to the
obligee.

5. www.suretybondauthority.com|800-333-7800
HOW MUCH DOES
THIS BOND COST?
Each state sets its personal regulations and
requirements for fishing license bonds.
Because of this, the cost of a surety bond premium
varies.
You will be required to renew your fishing license
bond each year or risk losing your license to sell
fishing licenses through your business.

6. www.suretybondauthority.com | 800-333-7800
https://suretybondauthority.com/fishing-license-bond/
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