Kentucky Title Agency Bond

1. Apply For Your Bond 

Setting up a bond for your Kentucky title agency is a fast process and can be completed online in three steps. To get started, spend a couple of minutes completing the online application. Our friendly bond specialists are available to answer your questions and assist you, if needed. 

2. Get Your Bond Quote 

Within minutes after submitting your completed application for a new bond, you can review your quote. In some cases, an application is more complex and requires a deeper review. In these instances, a quote is provided in 48 hours or less. 

3. Purchase Your Bond

The last step in our easy process is to pay your bond’s premium. Through our online payment portal, you can complete this step in a few minutes. After doing so, you will receive your bond in your email inbox. We can also send the bond to you via mail, if requested.

If you have questions or need assistance when setting up your new bond, we can help. Contact us online today or reach us by phone at (877) 514-5146.

Sally planned to open a title agency in Kentucky and needed a bond to get licensed. She took advantage of our easy online application and received a quote within a few minutes. After finalizing your bond purchase, she completed the licensing process and is now growing her business in Louisville. 

Under Kentucky law, the principals of a title agency business are financially responsible for errors, omissions, fraud and other actions that result in financial loss for their customers. They are required to purchase a financial responsibility bond of $20,000 to protect those who are affected by their actions from financial loss. 

The bond form must cite the obligee as the Kentucky Department of Insurance. In addition, it remains in force until the surety company cancels it. To cancel the bond, the surety company must provide a 30-day written notice to the Department of Insurance and the principal. 

A claimant must file a claim directly with the surety company. The surety company will investigate the claim and determine if it is valid. If a claim is unsubstantiated, it is dismissed. 

On the other hand, if a claim is validated, the surety company pays the claim up to the bond’s total sum. The principal must then reimburse the surety company for the amount paid out on the claim.  

To maintain the surety bond, the principal must make the premium payment annually. We will assist you with this process by providing you with the payment instructions each year prior to the due date.

Applying for a license to do business in Kentucky is a straightforward process that can be completed from your home or office. These are the steps to get a Kentucky title agency license. 
 

• Apply online
• Request a criminal background check
• Provide the Department of Insurance with additional documents required after its review of your application
• Provide your surety bond

For additional information about obtaining a Kentucky title agency license, contact: 

Kentucky Department of Insurance
500 Mero Street, Suite 1
Frankfort, KY 40601
Phone: (502) 564-3630