SURPLUS LINES BROKER BOND
American Surety Bonds Agency, LLC provides simplified and fast underwriting for Surplus Lines Broker Bonds.
What is a Surplus Lines Broker Bond?
A Surplus Lines Broker Bond is a state specific professional license bond that is required for insurance agents who represent surplus lines. A Surplus Lines Broker Bond guarantees that the Principal will follow the laws in place regarding the sale and collection of premium and fees for insurance products.
Bond amounts and effective dates for Surplus Lines Broker Bonds vary by state.
What are the underwriting guidelines?
Surplus Lines Broker Bonds are underwritten on the following criteria:
- Bond Amount
- Obligee Obligation
- Personal Credit History
- Personal Net Worth
How much does the bond cost?
American Surety Bonds Agency has a number of programs in place for Surplus Lines Broker Bonds. Our 5 tiered programs start at less than 1% of the bond amount with competitive rates for all applicants.
Contact us today to find out which program you qualify for.
How do I apply for a Surplus Lines Broker Bond?
To apply for a Surplus Lines Broker Bond, simply complete the bond application. Click here to download application our application and e-mail, fax or mail your application back to us to get started. Or, give us a call and we will be happy to get you started.
Apply today, Approved Today!
Who can I contact for more information?
MM, Senior Underwriter
Are there any other bonds I might need?