Arizona Surplus Lines Broker Bond

An Arizona Surplus Lines Broker Bond is a type of surety bond required by the Arizona Department of Insurance for individuals and businesses who wish to act as surplus lines brokers. Surplus lines brokers are insurance brokers who place insurance with unauthorized insurers, meaning insurers who are not licensed to do business in the state of Arizona.

The bond is designed to protect policyholders from financial losses if the surplus lines broker engages in fraudulent activities or misappropriates funds. The bond amount is set by the Arizona Department of Insurance and is currently $25,000. The cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get an Arizona Surplus Lines Broker Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Arizona Surplus Lines Broker Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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In the state of Arizona, surplus lines refers to insurance that is placed with an unauthorized insurer. An unauthorized insurer is an insurance company that is not licensed to do business in Arizona.