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The Surety Group Agency is proud to offer you Ohio Lottery Retailer Bonds and be
your online resource for them. Below you will see a list of the most frequently
asked questions that will hopefully assist you in applying for a bond. We now have
the ability for you to submit your application online as well as pay online, streamlining
the process of applying for a bond. When you are ready to fill out your application,
press the "Apply Now" button to the right, or you can download and fax application.
Downloadable Ohio Lottery Bond Application |
Frequently Asked Questions:
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- What does an Ohio Lottery Bond guarantee:
- An Ohio Lottery Performance Bond guarantees that the Retailer will abide by the
rules and regulations set forth by the Ohio Lottery Commission.
- How is the bond amount determined:
- The Ohio Lottery Commission determines the bond amount.
- How much does an Ohio Lottery Bond cost:
- The Surety Group has developed a four tier rate structure based on the state and
national average credit score. Applications will be scored based on credit score,
home ownership and years in the Ohio Lottery Retail program.
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Points
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Citeria
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50
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Credit score 720 - 900
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40
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Credit score 680 - 719
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30
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Credit score 620 - 679
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10
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Credit score 580 - 619
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20
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Owner(s) owns a home
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5
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For each year Applicant has been an Ohio Lottery Retailer
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-5
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For each NTF in the last 5 years
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- Note: Credit score will be based on the owner or the highest credit score when there
are multiple owners.
- Rates are as follows:
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Score
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Rater Per Thousand
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Program Name
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90+
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$7.50
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Premium Retailer (low risk)
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70-89
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$10.00
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Preferred Retailer
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50-69
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$15.00
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Standard Retailer
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<50
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$20.00
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Non-Standard Retailer(high risk)
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- The Surety Group will offer a Blanket Bond to cover Retailers with multiple locations:
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Blanket Bond Program
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Number of Locations
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2 or More
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D & B Rating
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Minimum BB in Financial strength
($200,000 - $299,000)
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Commercial Credit Score
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Either 1 (High) or 2 (Good)
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Rate per $1,000
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$7.50
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- What type of payment do you accept:
- Credit Card
- Cashier’s Check
- Personal Check
- Money Order
- My bond has been approved, what do I do next:
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Once an approval has been issued, simply choose your preferred method of payment
and remit payment. We accept credit cards, personal or corporate check, cashier’s
check or money orders. Please complete a Credit Card Authorization form if you wish
to pay with your credit card.
Your bond will be released upon receipt of payment. Please complete an Express Mail
Agreement if you want your bond sent using an express mail service.
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« Back
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Apply Online Now
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- Click Apply Now & Fill Out Application
- Submit Application
- Receive Your Surety Bond
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