Step 1 — Operator's questionnaire
Choose the questionnaire that matches your operation. The questionnaire establishes the regulatory and operational context every underwriter requires before pricing.
- Coal Mines — Reclamation Bond Questionnaire
- Oil & Gas Operators — Questionnaire
- All Other Reclamation Activity — Questionnaire
Step 2 — Credit & background release
A signed credit and background release is required from owners and spouses of corporate applicants with capitalization below $20,000,000. Larger applicants do not require this form.
Step 3 — Financial statements
Personal financial statement
A personal balance sheet is required from each owner and spouse unless the applicant is a corporation with capitalization in excess of $20,000,000.
Business financial statements
Business financial statements include a balance sheet, profit and loss statement, statement of cash flows, notes, and CPA cover letter. The standard expected by penal sum:
| Bond penal sum | Minimum statement quality |
|---|---|
| Under $250,000 | CPA compilation |
| $250,000 to $1,000,000 | CPA review |
| Above $1,000,000 | CPA audited statements |
Depending on program size, we will request the current year-to-date statement and up to four prior fiscal year-end statements.
Step 4 — Liability insurance
Submit a certificate of liability insurance with the application. We are particularly interested in riders, endorsements, or enhancements that cover environmental hazards specific to the operation where reclamation is required.
Step 5 — Obligee correspondence
Include a copy of all material correspondence between the operator and the state or federal obligee — permit conditions, bond adequacy letters, and notices. If the operator has ever been reprimanded, received a notice of violation (NOV), been sanctioned, fined, or had any regulatory action taken against it, provide a full written explanation and date of final abatement.
What to expect
As the underwriting process moves forward, expect follow-up information requests. You may reduce the volume of follow-up by providing every item above in your initial submission. Most complete reclamation bond applications are quoted within five business days.
Submit the application
Email the completed questionnaire, signed releases, and financial statements as PDF attachments to Underwriting@SuretyOne.com, or fax to your assigned underwriter (numbers below).
For an introductory call before submitting, telephone (800) 373-2804 (Raleigh) or (787) 333-0222 (San Juan).