Is a surety bond required?
Yes, for all licensees except carriers and motor fuel retailers. For the first year of operation, new licensees must post a bond equal to three times their monthly liability. There are also minimum bond amounts established for each class of license. This bond must be issued by a surety company licensed to do business in Nebraska. No other method of satisfying the bond requirement is available. At the end of 12 months the bond may be cancelled; provided, a good filing history has been established.
