The bond is required by the State of Alaska to ensure that qualified dealers pay all motor fuel excise fees and/or taxes, penalties, and interest due and owing to the State of Alaska.
A motor fuel excise tax bond is required by the State of Alaska to ensure that qualified dealers (wholesalers and distributors of motor fuel who refine, import, manufacture, produce, compound, or wholesale refined or motor fuel) pay all motor fuel excise fees and/or taxes, penalties, and interest due and owing to the State of Alaska. The bond guarantees that the qualified dealer will operate in accordance with the applicable government rules and regulations.
Qualified dealers of motor fuel sold, transferred, or used within Alaska are required by State of Alaska statutes to obtain a bond.
Colonial offers the direct and digital way to obtain an Alaska motor fuel excise tax bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are simple — get a quote online, fill out your information, and enter your payment method. Print your bond from your home or office. It’s that simple!
An Alaska motor fuel excise tax bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the applicable government agency.
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to obtain an Alaska motor fuel excise tax bond when you deal direct with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best, that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.