If you are engaged in the operation of an automobile club in Mississippi you are required under section 83-11-201 through 83-11-347 of the Mississippi Code to file a Mississippi Automobile Club Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Mississippi Automobile Club Bond holds you accountable for your business decisions.
By possessing a Mississippi Automobile Club Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.