Insurance Broker Surety Bond

An Insurance Broker surety bond is a license and permit surety bond required by government entities to receive a license within that jurisdiction to sell insurance related products.  It is also called an insurance agent surety bond.

These surety bonds help ensure the insurance broker operates according to applicable laws and properly accounts for premiums collected on behalf of the surety companies they represent.

If the broker sells surplus lines insurance products the surplus lines addition to their license requires an additional surplus lines surety bond.