Tennessee - Professional Solicitor of Charitable Funds ($25,000) — required surety bond in Tennessee. Apply online in minutes.
The Tennessee Professional Solicitor of Charitable Funds bond is a type of surety bond that guarantees solicitors will act ethically and lawfully when raising money for charities. It serves as a financial protection mechanism for charities and the public against fraudulent solicitation practices or misappropriation of donated funds.
Individuals or businesses operating as professional solicitors for charitable organizations within the state of Tennessee typically need to secure this bond. If you are compensated to solicit contributions or manage charitable fundraising campaigns, you will likely need to file this bond with the state.
State regulators generally require this bond to protect charitable organizations and Tennessee donors from fraudulent fundraising activities. The bond ensures that professional solicitors adhere to all state regulations and that collected contributions are properly remitted to the respective charities. If a solicitor engages in unethical practices, a claim can be filed against the bond to recover lost funds.
To get started, click the Apply Now button to complete a secure online application in about five minutes. Once approved and processed, your bond will be delivered directly to your email. You can then file it with the appropriate Tennessee regulatory agency along with your professional solicitor registration.
The premium for this bond varies based on the applicant's credit history and business financials. Apply online with Noah Insurance Agency (814-718-0060) to receive an exact quote for your specific situation.
Bond amount requirements vary depending on state regulations at the time of your application. Always verify the exact bond amount you need directly with the state agency overseeing charitable solicitations before purchasing your bond.
Approval times vary depending on the underwriting process and the applicant's details. By completing our secure online application, you can receive your specific approval status and quote as efficiently as possible.
Yes, surety bonds for professional solicitors typically require periodic renewal to maintain an active registration. You should check with the issuing regulatory agency for your specific renewal requirements to avoid a lapse in coverage.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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