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.
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.
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.
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 apps@southcoastsurety.com
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.
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.