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Reclamation Bond

Carriers: Rated AM Best. Licensed in seven states.

State of Initial Operation: Pennsylvania. Additional states after the first 6 months of operations.

Turnaround Time: 30 days from initial application in most cases.



Underwriting Requirements:

  • Corporate Financials - 3 years if possible
  • Personal Financials
  • Bond Questionnaire
  • Engineering site visit
  • Reserve information
  • Coal sales information


Terms & Conditions:

  • Personal indemnity
  • Corporate indemnity
  • 40% collateral minimum - held by FIA
  • Premium around 3%
  • Collateral trust agreement completed
  • Premium agreement completed
  • Engineering / underwriting fees based upon number of sites to visit