Electronic License Service, LLC (ELS) provides web-based, electronic software systems designed to interface with various state, city and county agencies in Illinois. Their systems allow businesses to connect with the offices of Illinois Secretary of State, Chicago City Clerk, Illinois Department of Revenue and Cook County Clerk to provide licensing, print-on-demand stickers, license plates, vehicle title transactions, certificates, and fee and tax payment collection to the public. An important step in the application process for businesses that wish to use this service is the purchasing and filing of a $10,000 surety bond with ELS. This surety bond guarantees that the principal will remit all funds from the sale of product and services to ELS, per the terms of their written agreement. If payment is not made in a timely manner or if any terms of their written agreement are violated, ELS can file a claim on the bond for reimbursement. If the claim is validated, the surety will pay out up to the penal sum of the bond to resolve the claim. The principal is responsible to reimburse the surety for all monies paid out, including attorney fees.
Pacific Surety offers industry low rates and can obtain approvals for almost all credit situations. Once our simple application has been completed, we can have pricing to you within hours. If you have any specific questions, please contact our knowledgeable underwriting staff.