The State of Maine requires this surety bond under MRSA Title 24-A, Section 2020. This surety bond ensures that the bond holder will comply with Title 24-A of the Maine Revised Statutes as amended, and will be conditioned upon the full accounting and due payment to those entitled thereto, of funds coming into the producer’s possession through insurance transactions under said license. The bond has a minimum amount of $20,000, but other than that, the required amount varies; Surety1 can provide this bond at a competitive price regardless of the bond amount you need.
To Attain a Maine Surplus Lines Insurance Producer’s 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.