In accordance with Sections 27-10-20 through 38 of the Code of Alabama, the Alabama Commissioner of Insurance requires this bond in order to help ensure that the broker will conduct business within the rules and regulations of the State of Alabama; in doing so, the bond helps protect consumer’s investments. The required bond amount is $50,000. In many cases, the premium on this bond is as little as $500 with the submission of a completed application.
To Attain an Alabama Surplus Lines Broker Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.