Utah Service Contract Provider License Bond
The State of Utah requires Service Contract Providers to be licensed with the Utah Department of Insurance as a Service Contract Provider if they are providing any of the following service contracts/warranties:
- Home Warranty
- Automobile Warranty/Service Contract
- Consumer Goods Warranty/Service Contract
- Vehicle Protection Warranty
As part of the licensing requirement, the provider must provide and maintain a $50,000 Service Contract Provider License Surety Bond. Additional information about license requirements can be found on the Utah Service Contract Providers website.
How much does a Utah Service Contract Provider License Bond cost?
Surety Bond costs are dependent upon the credit and financial strength of the applicant. Rates are typically 2-5% of the bond amount, with lower rates available for qualifying accounts. Complete our simple online application to get your free bond quote today!