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