This surety bond is required by the Illinois Department of Financial and Professional Regulation Division of Insurance under Article XXVIII Section 445 of the Illinois Insurance Code in the amount of $20,000. This bond guarantees the State that the bond holder will pay a fee equal to 3.5% of the gross premiums received by all policyholders on February 1st and August 1st every year. Typically, the premium on this bond is as little as $200.
To Attain an Illinois Bond for Surplus Line Producer’s License:
- 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.