surplus lines broker bonds

Research On Surplus Lines Broker Bond

Your GOOD CREDIT SCORE PRICE for a California Surplus Linse Broker Bond is $500. The types of insurance listed beneath are exempt from California surplus lines laws and laws per California Insurance Code Section 1760.5. Varieties #1, #three and #four must be placed by and through a California licensed particular lines’ surplus line broker.

Mortgage Broker Bond – A surety bond required in almost all States to secure or preserve a finance lender, mortgage broker, mortgage originator or supervised lender license. The bond is remitted to guard in opposition to acts of dishonesty, fraud, theft or malfeasance. As well as, the bond serves to ensure that the Principal will adjust to all State rules and licensing necessities.

Surplus Lines Broker Bond, An Overview

The Georgia surplus lines broker bond is a $50,000 surety bond required by the state’s division of insurance. The licensed Surplus Lines Broker is responsible for reporting the transaction and remitting Surplus Lines taxes to the Wyoming Insurance Division.

6. FOR NON-U.S.A. (ALIEN) INSURERS. THE INSURER OUGHT TO BE LICENSED BY A RUSTIC EXTERIOR OF THE UNITED STATES AND OUGHT TO BE ON THE NAIC’S WORLDWIDE INSURERS DEPARTMENT (IID) ITEMIZING OF PERMITTED NONADMITTED NON-AMERICA INSURERS. ASK YOUR AGENT, BROKER OR SURPLUS LINE” BROKER TO OBTAIN MORE DETAILS ABOUT THAT INSURER.

Try our FAQ web page or What’s a Surety Bond? page. Should you need or choose to purchase a surety bond, buy from us. has been underwriting surety bonds all through the U.S. for more than 35 years. Whenever you work with us, you benefit from the unique benefit of dealing with a workforce of highly skilled surety agents with in-home underwriting authority. This lets you receive aggressive, low rates, fast approvals, and speedy bond delivery. Usually, your bond will be delivered inside 24 hours after you apply for it.

Producer Data And Instructions

We write $15,000 Surplus Lines Broker Bonds in New York. California recognizes an exempt business purchaser (known as industrial insured” in California) beneath NRRA (California Insurance Code Sections 1760.1 and 1763(h).

Renewal payment – two yr term: $1,296, the fee for a person surplus line broker that has a $50,000 bond on file.

All About Surplus Lines Broker Bond

In 2014, our workplace licensed greater than 18,000 resident and non-resident insurance producers. People and Corporations that deal directly with surplus lines insurers procuring protection for an insured whose home state is Wyoming must receive a Wyoming surplus lines broker license.