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Insurance Broker Bond

Definition: A finance license bond that guarantees insurance agents and brokers will follow the rules set by their state. This bond is needed to obtain an insurance broker license for entire broker companies, individual brokers and agents.

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FAQ

  • What does an insurance broker bond cost?

  • Prices are based off of a portion of the bond amount. You can get an instant online approval. You can also get a general cost range if you are just doing some investigating.

  • What is the process?

  • Apply and get approved on our website, sign the surety agreements, and we will ship the bond out.

  • Will this cover a single agent or my entire company?

  • Some states require bonds of entire insurance broker companies, which guarantee all agents. However, some states require a bond per broker or producer. State bond requirements vary, so be sure to check our list below or ask the obligee for all states in which you operate.

  • What types of insurance brokers need to be bonded?

  • Insurance adjusters, insurance agents, surplus lines brokers and 3rd party administrators all may need to be bonded to obtain a license. It is a good idea to check with the state, as all states have their own requirements. Also, take a look at our state requirements below.

  • How long do I need to maintain an insurance agent surety bond?

  • For as long as you are operating as an insurance broker and hold an active license.

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Insurance Broker Bond State Requirements

SELECT A BOND TYPE BELOW TO APPLY

Filter by state
BOND REQUIRED BY BOND FORM VERSION APPLICATION
BOND REQUIRED BY BOND FORM VERSION
Arizona Insurance Broker Bond Director of Insurance APPLY NOW
California Insurance Broker Bond Bond Dept of Insurance APPLY NOW
California Bond for Insurance Broker Bond Producer Licensing Bureau LIC 417-5 (REV 06-07) APPLY NOW
Florida Insurance Broker Bond Bureau of Licensing APPLY NOW
Georgia Insurance Counselor Bond Bond OFFICE OF INSURANCE AND SAFETY FIRE COMMISSIONER $5K, GID-112-AL JAN11 APPLY NOW
Illinois Insurance Broker Bond Dept of Financial & Professional Regulation APPLY NOW
Illinois Preferred Provider Program Administrator Bond IL Dept. of Insurance APPLY NOW
Kentucky Financial Responsibility Bond Office of Insurance, Agent Licensing Division Form 99-3 (Rev. 7/2003) APPLY NOW
Maryland Insurance Administration Insurance Advisor Bond MD Insurance Commissioner $1K APPLY NOW
Maryland Automobile Insurance Fund Producer Bond Maryland Automobile Insurance Fund $10K, MAIF 64015 (Rev. 3/2000) APPLY NOW
New Jersey Insurance Broker Bond Commissioner of Banking and Insurance APPLY NOW
North Carolina Broker Insurance Bond Commissioner of Insurance BOND-BR (March 10, 2010) APPLY NOW
Ohio Insurance Broker Bond Dept of Insurance APPLY NOW
South Carolina Insurance Broker Bond Bond Dept of Insurance SCDI Form 3535 Rev. 10/20/2011 , $10K APPLY NOW
South Carolina Insurance Broker Bond Dept of Insurance APPLY NOW
Texas Insurance Agency Bond Department of Insurance LHL202 Rev. 02/2008, $25K APPLY NOW
Texas Discount Health Care Program Operator Bond Texas Department of Insurance $50K, LHL630 Rev 04/10 APPLY NOW
Washington Insurance Broker's Bond Bond Insurance Commissioner INS-17 (3/01) APPLY NOW
Washington Insurance Agents/Brokers Bond Bond State of Washington APPLY NOW


(Mon, 13 Feb 2012 18:39:31 -0500): We are looking for a a $100,000.00 dollars bond, but we do not have a good credit score.Jim Cochran (Fri, 04 Jan 2013 13:13:59 -0500): Which states require insurance agents to maintain license bonds?

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