How much does a $5,000 energy agent, broker, or consultant bond cost in Illinois?
Illinois energy agent, broker, or consultant bonds are issued instantly for just $100. Because there is no underwriting required, everyone qualifies. A multi-year discount is available as well. Simply click Buy Now to visit our secure online bond checkout and purchase your bond online. It only takes a few minutes to be on your way to getting bonded as an energy agent, broker, or consultant in Illinois.
Why do I need this bond?
The state of Illinois requires energy brokers, consultants, and agents to post a $5,000 surety bond before receiving a license.
Professionals who broker utility services to consumers in Illinois must be bonded. These bonds ensure that energy agents work according to industry regulations, including, but not limited to the following:
- Disclosing they are not employed by the energy supplier(s)
- Disclosing, if applicable, that the energy supplier will provide them with compensation
- Marketing themselves, their services, and the energy provider honestly
What’s the fine print?
Although this obligee does not have a specific form, the surety should provide a form with specific language required the state. Illinois energy agent, broker, or consultant surety bonds expire one year from the date of issuance. If the bond is to be canceled, the surety company must provide the state with at least 30 days’ notice.
