Alabama chief school financial officer bonds.
From $125.

Every Alabama local board of education appoints a chief school financial officer (CSFO), who must be bonded under Code of Ala. § 16-13A-12. The amount is fixed by the State Superintendent of Education and approved by the State Board; the price is 0.4% of the bond amount plus a $25 fee, $125 minimum — enter that figure, with one soft credit pull.

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Required of a local board of education’s CSFO under Code of Ala. § 16-13A-12

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Amount fixed by the State Superintendent of Education and approved by the State Board — a certified copy is filed with the Superintendent

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0.4% of the bond amount plus a $25 fee, $125 minimum — a soft credit pull runs for approval and never affects your score

0.4% of amount + $25 fee$125 minimumExactprice shown at the applicationSoft pullnever affects your score

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How it works

Apply to bonded, fast.

Here's the whole process — one application and a soft credit pull, then a certified copy goes to the State Superintendent:

TODAY · ONLINE

Apply once, online

Your details, the school system, the bond amount the Superintendent fixed, and the effective date — plus a one-time consent to a soft credit pull. That is the application.

RIGHT AWAY

Approved

Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.

SAME DAY

File with the State Superintendent

Receive the executed bond, then file a certified copy with the State Superintendent of Education as § 16-13A-12 requires. Wet-ink originals mailed whenever required.

About this bond

What it is and who needs it.

What the CSFO bond actually covers

Alabama's School Fiscal Accountability Act (Code of Ala. Title 16, Chapter 13A) requires every local board of education to appoint a chief school financial officer who runs the financial-management system and accounts for the funds the board administers.

Code of Ala. § 16-13A-12 requires that CSFO to be bonded in an amount fixed by the State Superintendent of Education and approved by the State Board of Education, with a certified copy of the bond filed with the State Superintendent. The bond guarantees the CSFO faithfully performs those fiscal duties and properly accounts for school funds.

If a CSFO mishandles or fails to account for funds, the board and the public can recover against the bond — and if the surety pays, the CSFO repays the surety. Because the State Superintendent sets the amount per position, enter the figure on your appointment paperwork and we issue it — premiums are 0.4% of the bond amount plus a $25 fee, $125 minimum.

Code of Ala. § 16-13A-12Code of Alabama 1975 § 16-13A-12 ("Bonding"), within the School Fiscal Accountability Act (Title 16, Chapter 13A), requires a local board of education’s chief school financial officer to be bonded in an amount fixed by the State Superintendent of Education and approved by the State Board of Education, with a certified copy of the bond filed with the State Superintendent. Confirm the amount fixed for your position.

You need this bond if you are

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An appointed chief school financial officer for an Alabama local board of education

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Stepping into a CSFO role and required to be bonded before taking on fiscal duties

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Renewing or re-bonding at a new amount fixed by the State Superintendent

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A school system bonding its CSFO to satisfy the State Board’s approval

One application, issued instantly.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.

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FAQ

Common questions.

How much is the Alabama CSFO bond?Premiums are 0.4% of the bond amount plus a $25 fee, $125 minimum — the price is set by the amount you enter, with a soft credit review for approval. The amount itself is fixed by the State Superintendent of Education and approved by the State Board — there is no single figure. Your exact price appears at the application.

Who has to be bonded?The chief school financial officer appointed by each Alabama local board of education, under § 16-13A-12. A certified copy of the bond is filed with the State Superintendent of Education.

Who sets the amount?The State Superintendent of Education fixes the amount, and the State Board of Education approves it. Use the figure on your appointment paperwork — send it to us and we will confirm before issuing.

Is there a credit check?Yes — one soft credit pull for approval, which never affects your score. The premium itself is 0.4% of the bond amount plus a $25 fee, $125 minimum, set by the amount you enter — not by the credit check.

Where does the bond get filed?A certified copy is filed with the State Superintendent of Education, as § 16-13A-12 requires. We issue the executed bond ready for you to file.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Alabama bonds.

CSFO bond, on file with the Superintendent.

0.4% of the bond amount plus a $25 fee, $125 minimum, short application, soft pull only. Free until issued.

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