This surety bond is required by the State of Texas Department of Insurance in accordance with the Texas Insurance Code, Article 21.07-7 or by the Texas Administrative, Title 28, Section 19.403. The bond states that the bondholder shall discharge losses that result from any final judgment recovered against the Reinsurance Intermediary by a customer. The required bond amount is $100,000 for a Reinsurance Intermediary Broker or $250,000 for a Reinsurance Intermediary Manager. In most cases, the premium on this bond is as little as 1%.
To Acquire a Texas Reinsurance Intermediary 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.