What is a Texas Surplus Lines Agents Bond?
The Texas Surplus Lines Agents Bond is required by the Texas Department of Insurance. Under the Texas Department of Insurance Code 981.202., the bond states that the bondholder shall discharge their legal liability to the Texas Department of Insurance. Collection and payment of gross premium taxes shall discharge the legal liability to the insureds. The payment of any judgment shall impose liability in response to a transaction with insureds. Under a policy of surplus lines, and the insurance under Texas Insurance Code Chapter 981 and the rules of the Texas Department of Insurance relating to Surplus lines insurance. The required bond amount is $50,000.
How do I obtain a Texas Surplus Lines Agents Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). When the paperwork is finished and the premium is processed, your surety bond will be shipped. Either via USPS Priority Mail or your preferred expedited shipping method(for an additional cost).
The surety bond experts at Surety Solutions Insurance Services, Inc.(Surety1), are available to help you get bonded quickly and with ease. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.