Bond requirement; prizes and gifts
Telephonic sellers who make a telephone solicitation or attempted telephone solicitation involving any gift or prize with an actual or represented fair market value of five hundred dollars ($500.00) or more. Required when: Required at least 10 days before the commencement of any promotion offering any gift or prize wi…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: "The bond amount must be for the market value or the represented value, whichev…. Other available requirements: "The bond amount must be for the market value or the represented value, whichever is greater, of all gifts or prizes represented as available under the promotion.". Exact options still depend on the obligee, state, and underwriting.
