This surety bond helps ensure that the broker will conduct business within the rules and regulations of the state. The Department of Insurance sets the required bond amount at either $50,000. There are two designations for Surplus lines brokers in California, they are individual or business entity licenses. Both require a valid property and casuelty license before the state will issue a surplus lines license. The premium on this bond is generally as little as $500 per year.
To Obtain a Bond of Surplus Line Broker:
- 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.