How Much is the Premium?
The premium is set by New York State Insurance Law Section 6804(a) at:
Up to 10% of the bond amount if the bond amount is $3,000 or less;
If the bond amount is over $3,000, then up to 10% of the bond amount for the first $3,000, up to 8% of the amount that is over $3,000 but under $10,000, and up to 6% of the bond amount that is over $10,000; and
At least $10 for a bond amount that is under $200.