Any buying club (including health clubs, gyms, and fitness centers) that receives prepayments from members. Required when: Operating a buying club and receiving prepayments greater than twenty-five dollars for services or merchandise before they are rendered. Exemptions: Clubs that do not require or receive prepayment…
Overview
What it is.
Any buying club (including health clubs, gyms, and fitness centers) that receives prepayments from members. Required when: Operating a buying club and receiving prepayments greater than twenty-five dollars for services or merchandise before they are rendered. Exemptions: Clubs that do not require or receive prepayment…
Who usually needs it
Any buying club (including health clubs, gyms, and fitness centers) that receives prepayments from members.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateSDBond amount$100,000Term lengthContinuousObligeeSouth Dakota Attorney General, Division of Consumer ProtectionRenewalThe bond must be maintained as long as the club continues to receive prepayments from its members.Bond classMiscellaneous CommercialCategoryEntertainment & RecreationBondBuying Club BondStatutory referenceSDCL § 37-26-3JurisdictionState
