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.
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.
CA Insurance Broker bonds are not credit driven and can be issued upon completion of the below application.
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.