In the majority of states, it is against the law for surety bond agents to provide premium reductions on bonds for which they have provided a quotation. In order to escape the attention of regulatory authorities, surety firms (and the agents who represent them) are required to comply with the company rate filings. Having said that, the vast majority of assurance businesses will, in compliance with the rate filings required by their respective states, provide discounts on multi-year agreements (often ranging between 15% and 25% each year).