Washington Cigarette Dealers are required under the Washington Administrative Code section 458-20-186 to file a Washington Cigarette Tax Stamp Deferred Purchase 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 Washington Cigarette Tax Stamp Deferred Purchase Bond holds you accountable for your business decisions.
By possessing a Washington Cigarette Tax Stamp Deferred Purchase Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.