Travel promoters and tour operators who wish to be exempt from the trust account requirements of the Travel Promotion Consumer Protection Act. Required when: Engaging in travel promotion services (selling or arranging transportation) without maintaining a trust account for 90% of all sums received from passengers. Exe…
Overview
What it is.
Travel promoters and tour operators who wish to be exempt from the trust account requirements of the Travel Promotion Consumer Protection Act. Required when: Engaging in travel promotion services (selling or arranging transportation) without maintaining a trust account for 90% of all sums received from passengers. Exe…
Who usually needs it
Travel promoters and tour operators who wish to be exempt from the trust account requirements of the Travel Promotion Consumer Protection Act.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license 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. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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.
StateILBond amount$100,000Term lengthContinuousObligeeIllinois Attorney GeneralRenewalThe bond is maintained through annual premium payments to the surety company; no state registration or renewal filing is required as Illinois does not license travel agents.Bond classLicense BondCategoryTransportationBondTravel Promoter Surety BondStatutory reference815 ILCS 420/2(a)(4)JurisdictionState
