California Nonresident Surplus Line Broker Surety Bond

The California Nonresident Surplus Line Broker Surety Bond is required by the California Insurance Department in the amount of $50,000. This bond is the same for both residents and nonresidents. A surplus lines broker bond helps ensure that the broker will conduct business within the rules and regulations of the state; in doing so, the bond helps protect consumer’s investments.

What are the requirements in order to be a surplus line broker in California?

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 apply for a Surplus Line Broker License in California, you must submit the following:

If you are applying as an individual (resident or non-resident*) only transacting on behalf of a Surplus Line Broker business entity:

• Fill out a Fast Licensing Application Service (FLASH)
• The business entity must fill out a Business Entity Endorsement, form LIC 411-8A – this endorses the individual surplus line broker
• File a Surplus Line and/or Special Lines’ Surplus Line Certification form LIC-050
• Licensing Fee – two year term: $588
• There is no bond requirement for individuals only transacting on behalf of a Surplus Line Broker Business entity.

If you are applying as an individual (resident or non-resident*) not transacting on behalf of a Surplus Line Broker business entity:

• Fill out a Fast Licensing Application Service (FLASH)
• File a Surplus Line and/or Special Lines’ Surplus Line Certification, form LIC-050
• Licensing Fee – two year term: $1,178
• A California Nonresident Surplus Line Broker Surety Bond in the amount of $50,000, under the name of the applicant, form LIC 447-31

If you are applying as a business entity (resident or non-resident):

• Fill out a Fast Licensing Application Service (FLASH) for the “natural person” named on the business entity
• Fill out an application for the business entity license, form LIC 441-11.
• Licensing Fee – two year term: $1,178
• A California Nonresident Surplus Line Broker Surety Bond in the amount of $50,000, in the name of the business entity (signed by the “natural person” mentioned above), form LIC 447-31

*Please note all non-residents must have a Surplus Line Broker License in their home state in order to obtain a California license.

You can read more about these requirements on the CA Department of Insurance website.

Where can I get a California Nonresident Surplus Line Broker Surety Bond?

To obtain a California Nonresident Surplus Line Broker Surety Bond, all you need to do is take a few minutes to fill out our free online application! Within one business day one of our licensed agents will contact you with a no-obligation quote for the price to obtain your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).

The surety bonding experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.