The California Insurance Broker bond is designed to protect consumers against any dishonest or unlawful acts committed by the insurance broker including: omissions, fraud, deceit, or misrepresentation. If an insurance broker is found guilty of any wrong doing, the bond is in place to compensate the consumer.
All California Insurance Brokers/Agents are required to obtain a $10,000 Bond of Insurance Broker, executed in California by a California admitted surety, completed in the name of the applicant and signed by the applicant. For additional information on license requirements review the Candidate Information Bulletin for Insurance Producers.
Any person who holds an insurance broker's license issued by the Insurance Commissioner of the State of California is required to hold a $10,000 bond to legally operate.
The cost of the bond is $100 for a 3 year term.
CA Insurance Broker bonds are not credit driven and can be issued upon completion of the below application.
To apply for the Insurance Broker Bond complete the online application. You may request a PDF application via email to firstname.lastname@example.org.
Please note your name and license number must match with the Department of Insurance exactly. If you are changing your business structure (for example from a Sole Proprietorship to a Corporation), you must apply for a new bond as the Department of Insurance does not accept riders for business entity changes.
The $10,000 California Insurance Broker Bond is designed to protect consumers against any dishonest or unlawful acts committed by the insurance broker including: omissions, fraud, deceit, or misrepresentation. If an insurance broker is found guilty of any wrong doing, the bond is in place to compensate the consumer.
This is an instant issue bond where ever applicant is approved regardless of their credit. The rate is only $100 for 3 years and allows you to sell insurance in the state of California. Fill out our quick, secure online application and we will get you bonded in 24 hours or less.
I have processed 2 defective title bonds through South Coast Surety and I am the type that gets worried for any little detail and want to make sure everything is done correctly the first time to prevent double work for myself and everybody. Knowing how I am both times I had to call customer service and they answered every little question I had in a very nice and gratifying way that made me feel I would not have any problems in which I did not. South Coast Surety has the ultimate best customer service.
Gaby - CA
I was shopping for a surety bond for the first time and having trouble communicating with several different companies. When I contacted South Coast Surety they responded quickly and performed the transaction quick and easy. I might have been able to find a lower price, but their professionalism was worth a couple extra dollars.
KG C. - CA
We are opening up a Mental Health Residential Treatment Center and needed a Surety bond since we will be handling some clients cash resources. I reached out to South Coast Surety, they sent me an application, paid our premium and had our bond sent to us immediately. Everyone I spoke to and emailed was courteous, attentive and responded very quickly. We will most definitely continue to get all of our bond services from South Coast.
John F. - CA
Great customer service from South Coast Surety. When I had questions about the bond and process, their customer service team assisted me with a sense of urgency and answered my questions. I recommend using their services. I will be a returning customer.
P&C B. - CA
I needed a surety bond and was referred by another company to south coast. I am very impressed with the level of customer service in every stage of issuing the bond, the rapid response to the get the bond issued and communication with the team. Great team and awesome service. I highly recommend South Coast Surety for you bond needs.
Mirwais A. - CA
I was in need of obtaining my CA Insurance Bond. I was able to obtain my required Bond quote online within minutes. I approved the quote and requested the Bond to be issued. On the same day, I received the Evidence of Coverage. Could not ask for better pricing or better service. I highly recommend South Coast Surety to meet a wide range of Bonding needs.
Udo G. - NJ
South Coast Surety has been proudly providing surety support to all fifty U.S. states for twenty years. Starting out as a small agency with a dream in San Clemente, California, we have steadily grown into one of the largest bond-only agencies in the nation. We write all commercial bonds and contract bonds for every American business and industry. Our greatest achievement is helping our clients grow their business alongside our own through coaching and obtaining larger bonding limits at the best rates. We work hard for our clients and take pride in bonding businesses that have been declined by our competitors.