Apex Insurance Company, better known as Jet Surety, is introducing its Apex Surety Program in North Carolina, marking its first rate and rule filing for the line as the company begins building out its commercial surety presence.

The program covers a broad range of bond types, including license and permit bonds, public official bonds, judicial bonds, fiduciary bonds, ERISA bonds, employee dishonesty bonds, and contract bonds.

The filing outlines a tiered pricing structure tied to both bond risk and applicant credit quality, with rates increasing as risk rises. For example, license and permit bonds range from about 0.50% for low-risk applicants to as high as 17% for hazardous financial responsibility exposures.

Pricing remains flexible. The company allows adjustments of up to 25% based on factors such as financial strength, experience, and underwriting characteristics, while also applying surcharges in higher-risk scenarios. Discounts are available for multi-year prepaid premiums, while monthly payment plans carry a surcharge.

The contract bond segment is structured around three tracks—Quick, Account, and SBA—targeting different contractor profiles, from occasional bidders to more established firms with ongoing bonding needs.

Minimum premiums generally start at $100, though higher thresholds apply to certain higher-risk bonds, and some automated, low-touch products may waive minimums altogether.

The program is expected to take effect upon regulatory approval.