The West Virginia Department of Revenue, Alcohol Beverage Control Administration (the Administration) is responsible for the issuing and renewal of licenses, and ensuring the compliance of state laws for public safety. Wine suppliers and wine distributors are required to apply for a license and obtain a surety bond in order to operate a business.
The obligee is the entity that requires the bond. The West Virginia Department of Revenue, Alcohol Beverage Control Administration requires a $10,000 surety bond for any wine supplier or wine distributor. A surety bond ensures compliance of state regulations and laws. Failure to comply or perform as required by state laws and regulations may result in a claim filed against the bond by the Administration. If the Administration files a claim against the surety bond, the owner (named as the principal on the bond form) will be responsible for repayment of the claimed amount if the claim is paid out by the surety.
The surety bond must be in place along with the license application and during all business operations. The premium will renew on the bond on an annual basis. If the wine shipper or wine distributor business changes ownership, a replacement bond is required to fulfill the surety bond conditions. Failure to maintain the bond will result in penalties by the Administration.
The original surety bond and power of attorney (provided by the issuing surety) will need to be submitted along with the license application to the West Virginia Alcohol Beverage Control Administration, Attn: Wine Licensing, 900 Pennsylvania Ave., 4th Floor, Charleston, WV 25302.
The surety bond will need to be an amount of $10,000. The bond form will be completed by the surety and will be signed, have a corporate seal and will include a notarized signature. The applicant will also need to sign the bond in the presence of a notary before sending the surety bond to the state.
The premium that you pay for an West Virginia Wine Supplier or Distributor surety bond is dependent on credit. Our rates start at $100 with good credit. Contact our Surety Bond Specialists for a free quote based on your specific situation.
Wine suppliers and distributors license period begins July 1st and ends June 30th of each year .
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
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