Motor Fuel Tax Surety Bond
The Missouri Department of Revenue has required the obtainment of the Motor Fuel Tax Surety Bond. The required bond amount varies depending on the financial standing of the applicant. The bond requires the applicant to pay all taxes, penalties, interest, and cost levied by the state. The applicant must fully, completely and faithfully perform all of the conditions and requirements of all rules, regulations, and laws. The bond helps ensure that the applicant will comply with all regulations, rules, and laws when performing in Missouri. This bond will protect your clients from malpractice or detriment done by your company. These wrongdoings can be any person damaged by any misrepresentation or fraud of your services.
The bond helps guarantee that the applicant will follow all regulations, rules, and laws. This bond will protect the state by guaranteeing faithful and honest performance. The bond provides surety in regaining losses in fees, fines, and expenses imposed by state regulators. If there are any poor financial decisions, damages, or violating of any laws or regulations, this bond will be used in favor of the state.
The surety company will payout if you are found at fault for a claim on your bond. Qualification for this bond will require a credit check. The rate will depend on the credit worthiness of the applicant and will carry a rate from 1% to 15%. A quote can be obtained by completing the online application.
Link to Missouri Department of Revenue Surety Bond Form for Motor Fuel Tax Surety Bond: