Colorado Surplus Lines Brokers Bond

A Colorado Surplus Lines Brokers Bond is a type of surety bond required by the Colorado Division of Insurance for surplus lines brokers operating in the state. The bond amount is $25,000 and 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 a Colorado Surplus Lines Brokers 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 Colorado Surplus Lines Brokers 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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Securing  Brokers Authority for Surplus Lines

Resident Producers:

• You must have a valid Colorado P & C License
• There is no pre licensing class but you must pass a 30 question test based upon the transaction of surplus lines insurance in Colorado.
• This information is contained in Article V of the insurance code and Regulation 2-4-1. Both documents can be viewed in the Legislative section.
• To schedule an examination contact Pearson Vue at www.pearsonvue.com/co/insurance
• Once you have passed the examination go to: www.Sircon.com/Colorado Click on :Apply for a License.

Note that the Authority attaches to the P & C license and expires on the same date irrespective of the date it is issued. Once the authority is issued you are required to log in with the Colorado DOI tax reporting system and file monthly reports of surplus lines activity.

The information provided above is for general informational purposes only and does not constitute legal advice.  Do not rely solely on the information presented here as a substitute for professional legal counsel.