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California Nonresident Surplus Line Broker Surety Bond

Bond Requirements and Online Application

The California Nonresident Surplus Line Broker Surety Bond is required by the State of California, Department of Insurance.

The State of California defines a surplus line broker as, “a person who places insurance with non-admitted insurers, covering risks other than aircraft and certain marine and transportation risks.”  To be a  surplus line broker, residency in California is not required, but nonresidents must have a Surplus Line Broker License in their home state in order to obtain one in California as well.  As a part of getting the license in California, surplus line brokers must obtain a California Nonresident Surplus Line Broker Surety Bond in the amount of $50,000.  The bond exists to help ensure that the broker will comply with the requirements set forth by California Law.

CLICK HERE to view a current copy of the Bond of Surplus Line Broker

A license issued to a new California licensee begins on the date the license is issued and expires the last day of that same month two years later. Any additional licenses issued at a later date will expire at the same time as the initial license. There is both a business and individual license requirement.

You will want to stay current as any licensees that renew their licenses late will be required to pay a 50 percent penalty fee and file new company appointments and/or solicitor appointment (if applicable). Surety1 will mail you a renewal income for the bond and follow up with two e-mail reminders and a phone call, at no additional cost.

CLICK HERE for the filing requirements for the Nonresident Surplus Line Broker from the CA Department of Insurance


How to Get Your California Nonresident Surplus Line 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 California Nonresident Surplus Line Broker Surety Bond!   If you have any questions, please call us at 877-654-2327.
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