$500 Georgia Retailer's Malt Beverage Bond

Businesses are required to file a $500.00 bond with the State of Georgia Department of Revenue (the "Obligee") to activate their license. The bond protects the Obligee by transferring to a surety bond company the cost of ensuring the public is compensated for damages resulting from a licensed business breaking licensing laws.

Retailer's Malt Beverage Bond

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How much does the Georgia Retailer's Malt Beverage bond cost?

Georgia Retailer's Malt Beverage bonds typically cost $100.

Is a Credit Check Required for Georgia Retailer's Malt Beverage Bonds?

Credit checks are not required for the Georgia Retailer's Malt Beverage Bond.

Why is the Georgia Retailer's Malt Beverage bond required?

Businesses are required to purchase and file a $500 bond with the State of Georgia Department of Revenue to activate their license. The bond protects the Obligee by transferring to a surety bond company the cost of ensuring the public is compensated for damages resulting from the failure of a licensed business complying with the provisions of licensing laws.

How does the Georgia Retailer's Malt Beverage bond work?

Georgia Retailer's Malt Beverage bonds must be issued by an insurance carrier admitted by the Georgia Department of Insurance. The insurance company issuing any surety bond, such as the Georgia Retailer's Malt Beverage bond, will also be referred to as the "surety company" or the "bond company". The business is referred to as the Principal, the surety bond company as the Obligor and the State of Georgia Department of Revenue as the Obligee.

The surety company provides the Obligee a guarantee (the surety bond) that the customers, vendors and employees of a licensed business will receive payment for financial damages due to a violation of licensing law up the bond amount stated on the bond form ("penal sum"). The bond company also directly receives claims from the public and determines the validity of claims. Ultimately, the licensed business owners are responsible for their actions and required by law to reimburse the surety company for any payments made under the bond or face indefinite license suspension.