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Alabama Surplus Lines Broker Surety Bond

Bond Requirements and Online Application

An Alabama Surplus Lines Broker Surety Bond is required by the Alabama Commissioner of Insurance. The bond helps ensure that the broker will conduct business within the rules and regulations of the State of Alabama; in doing so, the bond helps protect consumer’s investments. This bond is required to sell surplus lines insurance. The bond amount is required to be $50,000.

CLICK HERE to read more about obtaining your Alabama Surplus Lines Broker Surety Bond from the Commissioner of Insurance

What are the Requirements in Order to be a Surplus Line Broker in Alabama?

According to the Code of Alabama 1975 Section 27-10-20, if certain insurance coverages cannot be procured on the terms set by authorized insurers, the “surplus lines” may be obtained from unauthorized insurers provided that they are obtained from a Alabama Surplus Lines Broker Surety Bondlicensed surplus line broker. The people who can be licensed as a surplus line broker are those that are already licensed as a resident insurance producer and have had enough experience in the industry.

Those who would like to be licensed as a surplus line broker must submit an application form provided by the State of Alabama Department of Finance. Aside from that, the applicants must also file a surety bond in the penal sum of $50,000. This is to ensure that the broker will conduct his or her business according to the provisions of the surplus insurance law.

How Can I Get an Alabama Surplus Lines Broker Surety Bond?

Surety Solutions Insurance Services, Inc. (surety1) can provide an Alabama Surplus Line Broker Surety Bond for you. We have been issuing surety bonds in the state since 2003 and are licensed in for all 50 states. One stop for all your surplus lines surety bonds.  Surety1 carries an A+ rating by the Better Business Bureau  and represents over a dozen “A” rated surety bond carriers.

The process is easy. All you need to do is complete this easy to navigate, online application form and within 1 business day one of our experts to call you with a firm quote. Simply make the payment, complete some paper work and you Alabama Surplus Lines Surety Bond will be mailed to you right away.

 

 

 

How to Get Your Alabama Surplus Lines Broker Surety Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your Alabama Surplus Lines Broker Surety Bond!   If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days

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