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Wyoming bonds

Wyoming — Motor Club Bond

Wyoming's posted MC-301 protects the specified members, injured parties and States under one $100,000 aggregate. It continues until canceled.

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Recorded state
Wyoming
Bond type
Automobile Club / Motor Club Bond
Category
Vehicles, titles & transportation

What this bond does

The current Insurance Department program requires the club's certificate application and $100,000 bond or permitted secured funds. The actual linked MC-301 binds for accepted members, the described injured or defrauded persons, Wyoming and the other States where the principal is authorized to operate.

Who needs it
The company seeking or renewing Wyoming motor-club authority, with its actual service contracts and authorized operating States. A member buying roadside services is not the company applicant for this security.
Who it protects
MC-301 conditions compliance with the Motor Club Services Act, faithful rendering of sold or offered member services and the stated fines, fees or penalties. Its $100,000 is aggregate security, not a separate $100,000 promise to each member or each named State.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Match MC-301 and the continuing company file

Use the actual Department-linked MC-301, principal and authorized operating-State information. Preserve the printed protected parties and statutory/service condition rather than replacing them with the Commissioner simply because that office receives the application.

The posted undertaking continues until canceled and requires written notice to the Wyoming Insurance Commissioner at least ten days before cancellation. The program separately asks for annual authority renewal before July 1 and evidence of continuing security; an existing bond is not automatically a new purchase each year.

Purchase Now opens Propeller. Match the company, accepted MC-301 condition, protected parties, aggregate sum and dates before applying. If replacing security, the current renewal instructions request the new bond and power of attorney. Authority, service-contract review and security acceptance remain separate.

Sources

Have these ready

  1. Identify the club's certificate application or renewal.
  2. Bring the actual service contracts and authorized operating States.
  3. Check existing accepted bond or secured-funds evidence.
  4. Match MC-301 principal, protected parties, condition and aggregate sum.
  5. Prepare required execution/power of attorney and separate renewal documents.

Questions about this bond

Who is protected when the Commissioner receives the filing?

MC-301 expressly names accepted members, the described persons injured or defrauded in the club's services, Wyoming and other States where the principal is authorized. The filing office and the protected parties are different roles; use the actual wording.

Does each State or member receive a separate $100,000 limit?

The printed undertaking states $100,000 in the aggregate. Do not multiply that sum by the number of members or operating States.

Does the July renewal end the bond?

The posted bond is continuous until canceled under its notice provision. The annual authority renewal asks for continuation evidence; match the existing accepted file rather than treating the license date as a selected bond term.

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