Virginia fuels tax refiner bonds.
From $15,000.

A Virginia motor-fuel refiner is licensed as a supplier through the DMV under the Fuels Tax Act, and § 58.1-2211 fixes the bond at $2,000,000 for a supplier that holds a position in a terminal. Our carrier quotes 0.75% of the bond amount, $15,000.

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Filed with Virginia DMV under the Fuels Tax Act (Code of Virginia § 58.1-2211)

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Amount fixed by statute — $2,000,000 for a refiner that holds a position in a terminal — a refiner is licensed as a supplier

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From $15,000, 0.75% of the bond amount — confirmed in the application before you pay

From $15,0000.75% of bond amount$2,000,000fixed by § 58.1-2211Quick reviewfor a bond this size

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How it works

Three steps. One sitting.

No underwriting queue for the standard fuels-tax bond — enter your amount, pay, and file with DMV. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount DMV required, and the effective date — that is the entire application.

QUICK REVIEW

Reviewed, then issued

A $2,000,000 bond gets a quick underwriter review before it issues. Any credit check is a soft pull that never affects your score.

SAME DAY

File with DMV

Submit the executed bond with your refiner license. Wet-ink originals mailed whenever DMV insists on them.

About this bond

What it is and who needs it.

What the refiner bond actually covers

Virginia taxes motor fuel under the Virginia Fuels Tax Act, administered by the DMV. A refiner — a person who owns, operates, or controls a refinery — is among the licensees the Act treats alongside suppliers, and is liable for the tax on the fuel it produces and removes.

Under Code of Virginia § 58.1-2211, a license applicant must file a bond or certificate of deposit conditioned on compliance with the Fuels Tax Act and payable to the Commonwealth. The Act has no separate refiner bond: § 58.1-2204(A)(1) says a refiner "shall be licensed as a supplier", and subsection A(1) of § 58.1-2211 fixes the bond at $2,000,000 for a supplier who is a position holder or receives fuel in a two-party exchange. Only a supplier that provides nothing but fuel alcohol posts three times its monthly tax instead.

The bond stands behind the fuels tax you collect or owe — if you fail to remit, the state can recover against it. Our carrier quotes 0.75% of the bond amount, which is $15,000 at $2,000,000, and an underwriter reviews a bond this size quickly.

Code of Virginia § 58.1-2211 (Fuels Tax Act)Under § 58.1-2211, applicants for fuels-tax licenses (including suppliers and refiners) must file a bond or certificate of deposit conditioned on compliance with the Virginia Fuels Tax Act, payable to the Commonwealth and in the form DMV requires. A refiner is licensed as a supplier (§ 58.1-2204(A)(1)), and subsection A(1) fixes the bond at $2,000,000 for a supplier who is a position holder or receives fuel in a two-party exchange.

You need this bond if you are

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A licensed motor-fuel refiner filing a bond with DMV under the Fuels Tax Act

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Applying for a refiner or supplier license that DMV conditions on a bond

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Reinstating an account after a filing or remittance issue raised a bond requirement

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Replacing a cancelled bond so your supplier license stays in force

One application, issued on the spot.

Submit the application for the $2,000,000 bond; an underwriter reviews a bond this size quickly.

Start the application →

FAQ

Common questions.

How much is the Virginia fuels-tax refiner bond?$15,000. A refiner is licensed as a supplier, Code of Virginia § 58.1-2211(A)(1) fixes that bond at $2,000,000, and our carrier prices it at 0.75% of the bond amount. The carrier notes that the final premium can vary with underwriting, and your exact price appears in the application before you pay.

Why does the amount vary so much?The Fuels Tax Act fixes $2,000,000 for the high-volume positions in the distribution chain — position-holder suppliers, which is how a refiner is licensed, along with terminal operators, bonded importers, and permissive suppliers. Smaller licensees such as distributors and blenders post three times their monthly tax instead, between $2,000 and $300,000.

Is there a credit check?The application collects no credit information. A $2,000,000 bond gets a quick underwriter review; any credit check is a soft pull, which never affects your credit score.

Who is the obligee?The Commonwealth of Virginia, through the DMV. The bond is conditioned on your compliance with the Virginia Fuels Tax Act and the payment of the fuels tax you owe.

Where do I file it?With Virginia DMV, alongside your refiner or supplier license. We issue the executed bond ready to submit.

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 Virginia bonds.

Refiner fuels-tax bond, issued today.

From $15,000 for the $2,000,000 bond. Apply online and file with DMV.

Start application

Your premiumfrom $15,000

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