This bond is required by the Department of Business Regulation. The bond states that the bond holder, or Principal, shall provide any and all services requested of a surplus lines broker in accordance with Rhode Island General Laws Section 27-2.4-1 et. seq. and 27-3-38 through 27-3-41. The required bond amount is $25,000. The premium on this bond is usually as little as $250.
To Attain a Rhode Island Surplus Line Broker 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.