North Carolina Preneed Funeral Bond Overview
- Purpose: To hold funeral homes liable for honoring preneed funeral contracts
- Who Needs It: Funeral homes who offer preneed funeral contracts and services.
- Regulating Body: The North Carolina Board of Funeral Service
- Bond Amount: $50,000
- Premium Price: Typically 1–3% of the bond amount, credit-based
What Is a North Carolina Preneed Funeral Contracts Bond?
Preneed funeral contracts bonds hold funeral homes liable for honoring preneed funeral contracts. The North Carolina Board of Funeral Service (NCBFS) requires funeral homes who offer prepaid contracts to have a $50,000 surety bond.
How Much Do Preneed Funeral Contracts Bonds Cost?
North Carolina preneed funeral contract bonds require a quick credit review to determine pricing. Premiums are a percentage of the total bond coverage.
Most applicants qualify for a 1-3% premium — $500–$1,500. Get a free quote today!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does the Bond Work?
By having a preneed funeral contracts bond, you enter a legal agreement between three parties.
| Bond Party | Description |
|---|---|
| 1) Principal | You, the licensed funeral home director |
| 2) Obligee | The NC Board of Funeral Service |
| 3) Surety | The issuing surety provider |
As the bonded principal you agree to honor preneed funeral contracts. If you break contract terms, a claim can be filed on the bond. The surety will pay harmed parties and you must reimburse the surety.
How Do I Get a Preneed Funeral Contracts Bond?
Follow these three steps to get your North Carolina preneed funeral contracts bond:
- Apply for a quote
- Pay the premium
- File your bond with the NCBFS
How Fast Can I Get My Bond?
We deliver quotes in one business day or less. However, the NCBFS requires you to file a physical bond form.
You’ll get your bond in the mail between one and four business days depending on which shipping method you select at checkout.
How Do I File My Bond?
File your bond with your preneed sales license application by mailing it to the following address:
North Carolina Board of Funeral Service
1033 Wade Avenue
Suite 108
Raleigh, NC 27605-1158
Can I Get Bonded With Bad Credit?
We approve 99% of applicants. However, if you’re worried about qualifying, read about our Bad Credit Options.
How Do I Renew My Bond?
North Carolina preneed funeral contracts bonds expire annually. To renew your bond, just pay the renewal premium and file your bond with the NCBFS. We’ll send out reminders starting 90 days before the expiration date.
How Do I Update My Bond Information?
You can request to update bond information by contacting our Customer Care team:
- 1(800)308-4358
- [email protected]
Simple changes like name and address can be fixed with a bond rider. However, larger updates may require a new bond form.
How to Get a Preneed Sales License in North Carolina
The NCBFS oversees the license and registration process, just follow these steps to get your preneed sales license:
- Complete an application and get it notarized
- Pay the $150 application fee and $20 fee per individual license
- Complete Form Schedule A
- Get a $50,000 surety bond
- Provide Proof of Good Standing if corporation or LLC
Submit all application materials to the following address:
NCBFS
1033 Wade Ave, Suite 108
Raleigh, NC 27605
Check out the Preneed Program Services Portal for more information.
