Surety Bond Posted to Secure Performance Under Title 32 Chapter 370
Wholesale dealers of cigarettes and wholesale dealers of other tobacco products (OTP). Required when: Application for a license as a wholesale dealer of cigarettes or other tobacco products. Exemptions: The Department may waive the bond requirement if a licensed wholesale dealer has maintained a satisfactory record of…
Overview
What it is.
Wholesale dealers of cigarettes and wholesale dealers of other tobacco products (OTP). Required when: Application for a license as a wholesale dealer of cigarettes or other tobacco products. Exemptions: The Department may waive the bond requirement if a licensed wholesale dealer has maintained a satisfactory record of…
Who usually needs it
Wholesale dealers of cigarettes and wholesale dealers of other tobacco products (OTP).
Pricing & timing
What to expect.
Generic pricing
Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bon…
Typical timeframe
Full underwriting required — typically 3–5 business days
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.
StateNVBond amountFor a wholesale dealer of cigarettes, the bond must be in a sum equal to the la…Term lengthContinuousObligeeNevada Department of TaxationRenewalThe bond is continuous and remains in effect until cancelled by the surety or waived by the Department. The associated tobacco license must be renewed annually by December 31.Bond classPerformance BondCategoryRetail & SalesBondSurety Bond Posted to Secure Performance Under Title 32 Chapter 370Statutory referenceNRS 370.589JurisdictionState
