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Platinum Bonds Insurance Agency

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Motor Fuel, Motor Carrier, Tobacco Products License or Motor Fuel Eligible Purchaser Surety Bond

Wholesalers and unclassified acquirers of tobacco products. Required when: Required as a condition precedent to the granting or renewal of a tobacco products tax license. Exemptions: Secondary wholesalers, vending machine operators, and transporters are generally not required to provide a bond unless specifically requ…

Bond amount"The amount is determined by the Department of Treasury, but it cannot exceed t…
State or jurisdictionMichigan
ObligeeMichigan Department of Treasury

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 amount is determined by the Department of Treasury, but it cannot exceed t…. Other available requirements: "The amount is determined by the Department of Treasury, but it cannot exceed the amount of tax that would be paid by the applicant for a 3-month period.". Exact options still depend on the obligee, state, and underwriting.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

Wholesalers and unclassified acquirers of tobacco products. Required when: Required as a condition precedent to the granting or renewal of a tobacco products tax license. Exemptions: Secondary wholesalers, vending machine operators, and transporters are generally not required to provide a bond unless specifically requ…

Who usually needs it

Wholesalers and unclassified acquirers of tobacco products.

Pricing & timing

What to expect.

Generic pricing

Tax bonds guarantee payment of taxes or compliance with tax regulations. Typical Pricing:. • Standard tax 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. • Credit check: Required for most tax bonds. Common types include sales tax bonds, fuel tax bonds, and cigarette/tobacco tax bonds. Quick approval is typical for applicants with good credit. Some tax bonds may price higher depending on the bond type and jurisdiction.

Your quote determines the actual premium.

Typical timeframe

Credit-based approval — typically 1–2 business days

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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“Finally a company that understands what customer service is supposed to be.”

★★★★★

“My bond application was processed and received very quickly.”

★★★★★

“I highly recommend you do business with these folks.”

★★★★★
BBB A+ Accredited Business seal for Platinum Bonds Insurance Agency

BBB A+ Accredited

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23 years

Offering service to clients and agents alike.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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