surplus lines broker bonds

What You Need To Know Surplus Lines Broker Bond

Your GOOD CREDIT VALUE for a California Surplus Linse Broker Bond is $500. California Insurance Code Part 1620(b)(2) exempts eligible surplus line insurers from filing a bind with the courts before the insurers initiate or defend a lawsuit filed in opposition to them.

1. Full a web-based utility. It’s free and no-obligation. 2. One in every of our surety specialists will contact you with a firm quote and an settlement to signal. 3. Provide payment and your signed agreement, after which you will obtain your Oklahoma Surplus Lines Broker Bond! If you have any questions, please call us at 877-654-2327.

Surplus Lines Broker Bond, A Guide For You

We write $15,000 Surplus Lines Broker Bonds in New York. A Bond of Surplus Line Broker, type LIC 447-31 , within the penal sum of $50,000, by a California admitted surety and accompanied by a jurat and a power of lawyer for the attorney in-fact executing bond; completed in the title of the applicant and signed by the applicant.

SECTION 38-forty five-ninety. Duties of brokers placing business with nonadmitted insurers; statements and stories; due diligence.

Under are information links often used to prepare for the surplus lines licensee test for Pennsylvania.

Surplus Lines Agent Licensing

The Georgia surplus lines broker bond is a $50,000 surety bond required by the state’s department of insurance. A surplus lines broker bond is a type of license and allow surety bond with the objective of protecting the state and other events concerned from any potential fraudulent exercise by an insurance broker.

This bond is required by the Wyoming State Board of Pharmacy, and guarantees that the wholesale drug distributor can pay all fees, taxes, and so on. to the jurisdiction requiring the license and comply with all of the guidelines for that license.

More Details Concerning Surplus Lines Broker Bond

We write $15,000 Surplus Lines Broker Bonds in New York. Filing Charge: $6,113 (preliminary software), $three,057 (subsequent annual renewal), $341 (per kind of up to date financial paperwork), and $50 (per type of up to date non-financial documents).