Not in Alaska? Public official bonds in other states

Alaska public official bonds.
From $100.

The bond an Alaska public official — elected or appointed — posts to guarantee faithful performance and honest handling of public funds. The governing body sets the obligee and the amount; the premium is 0.35% of the bond amount, $100 minimum, with one soft credit pull for approval that never affects your score. Your exact price appears at the application.

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Guarantees faithful performance and honest handling of public money by the official
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Obligee and amount set by the governing body that requires the bond
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Soft credit pull only — never affects your score, and your exact price appears at the application
0.35% rate$100 minimumExactprice at the applicationSoft pullnever affects score
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
How it works

Three steps to filed.

Your appointment or term is waiting on this bond. Here's the entire process — no broker phone tag:

TODAY · ONLINE

Apply once, online

Your details, the obligee, the bond amount required, and the effective date. The only extra step is a one-time consent to a soft credit pull.

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.

WHEN YOU PAY

E-sign & file with the obligee

Pay online and receive the executed bond, ready to file with the state, borough, city, or district requiring it. Wet-ink originals mailed whenever the obligee insists.

About this bond

What it is and who needs it.

What the public official bond guarantees

A public official bond guarantees that an elected or appointed official will faithfully perform the duties of office and honestly account for the public money and property in their care. It is required of many officials in Alaska — by state law for some positions, and by borough, city, or district ordinance and policy for others.

Under Alaska law, an official bond must carry a corporate surety (or two individual sureties) and is approved as to form before it takes effect; for state positions the amount is set by law or by the governor on the recommendation of the commissioner of administration. For local positions, the governing body sets the obligee and the amount.

If an official misappropriates funds or fails to perform a bonded duty, the public entity can recover against the bond — and if the surety pays, the official (or their indemnitors) repays the surety. We issue the amount your governing body set, from $100; the soft credit pull never affects your score, and your exact price appears at the application.

AS 39.05.050 (official bonds)Alaska Statute 39.05.050 governs official bonds for state officers and employees: each bond must have at least two individual sureties or one corporate surety, the form is approved by the attorney general, and the amount is set by law or by the governor on the recommendation of the commissioner of administration. Local public officials are bonded under borough, city, or district ordinance and policy, which set the obligee and amount. Confirm the obligee and amount with the entity requiring your bond.

You need this bond if you are

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An elected official — treasurer, clerk, assessor, or board member required to be bonded
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An appointed official whose office or department requires a faithful-performance bond
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A borough or city officer bonded under local ordinance or policy
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A special-district official handling public funds that must be bonded

One application, issued instantly.

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

Start the application →
FAQ

Common questions.

How much is the Alaska public official bond?The premium is 0.35% of the bond amount, $100 minimum. The bond amount itself is set by the governing body that requires the bond — by law for some state positions, by ordinance or policy for local ones — and your exact price appears at the application.
Who is the obligee?The public entity requiring the bond — the State of Alaska, a borough, a city, or a special district. You name it on the application so the bond is issued to the right obligee.
What does the bond guarantee?That you faithfully perform the duties of your office and honestly account for public money and property. If you fail to and the entity is harmed, it can recover against the bond — and if the surety pays, you repay the surety.
Is there a credit check?Yes — one soft credit pull for approval, which never affects your score. The price itself is set by the bond amount: 0.35% of the bond amount, $100 minimum, shown exactly at the application before you pay.
What amount and obligee should I use?The exact figure and obligee your governing body specified — by statute, ordinance, or appointment letter. If you are unsure, send us the requirement and we will confirm both before issuing.
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 Alaska bonds.

Your office is waiting on one document.

From $100, soft pull only. Enter the amount your governing body set and file the same day. Free until issued.

Your premiumfrom $100
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