Oregon Legal Expense Organization Qualifying Bond

What is the Oregon Expense Organization Qualifying Bond?

The State of Oregon requires legal expense organizations to obtain proper licensing prior the operation of their businesses or to continue rendering services. Applicants must obtain and annually renew their license with the Oregon Department of Consumer and Business Services Insurance Division.

The Oregon Revised Statutes Chapter 750.505 defines legal expense organizations as legal access providers who offer to prepare legal expense plan. This plan is an agreement drafted between the service provider and plan members for incurred legal service charges, and must highlight the services promised and limitations, including the fees, deductibles, and copayments. 

Accordingly, one pre-licensing requirement for the bond is the Oregon Legal Expense Organizaiton Qualifying Bond in the bond amount of $10,000, which is in compliance with the provisions of the ORS Chapter 750.685. The bond amount will be adjusted annually to up to 10% of the fees collected from the plan members, but not exceeding $50,000.

Why do you need an Oregon Legal Expense Organization Qualifying Bond?

The bond will ensure the protection of the plan members in the event the service providers defaults. The State of Oregon, by virtue of the ORS 750.505, mandates applicants to satisfy all legal requirements, including proper licensing and all applicable service provision laws guaranteed by the bond.

Apart from the mandatory legal compliance, securing your own licensing bond also ensures:

  • Your credibility is boosted in terms of financial security
  • You are able to use your full line of credit
  • The confidentiality of your activities (unless requested by legal authorities)
  • Your access to professional advice counseling from lawyers, estimators, and similar professionals

More details about the Oregon Legal Expense Organization Qualifying Bond

The bond must also be issued by a surety bond provider certified by the Oregon Department of Insurance. The parties in the agreement are:

  • Principal (legal access providers)
  • Obligee (State of Oregon)
  • Surety/Bond Company or Obligor (surety bond provider)

How much does an Oregon Legal Expense Organization Qualifying Bond cost?

The cost of Legal Expense Organization Qualifying Bond in the State of Oregon will depend on the employer’s credit score, industry experience, business history, and the surety provider’s background. Normally, the premium rate for the bond will be between 1.5% and 8%. Generally speaking, the better the applicants’ credit score, the better the premium rate they get.

How do I obtain this bond?

At Surety Bond Authority, we are dedicated to help you get your bond the fast and easy way. Here is a step-by-step guide to help you get started.


To secure your bond, be sure to transact with a reputable surety company early. If you are ready to get yours processed today, you can APPLY HERE. Rest assured our expert surety bond agent will guide you from the time of your application until the issuance of your bond.


  • Completed bond application form (to be provided by our trusted surety agents)
  • Bond forms (as designed and mandated by the state regulation department)
  • Financial documents (this includes your bank account statements, sources of income, balance sheets, personal and business capital, escrow accounts, etc.)
  • Other requirements as prescribed (seller’s permit, facility permit to legally conduct business, etc.)


In the assessment phase, our underwriter will need the following information:

  • Nature of your business
  • Credit Score
  • Financial strength

For the speedy processing of your application, ensure you have gathered and provided accurate information upon submission.

Bond Issuance

Once the assessment is done, we will promptly issue your bond and send it your way. Contact us today and get your bond issued in no time.

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