The Georgia Insurance Counselor Bond is required by the Office of Insurance and Safety Fire Commission for any entity wishing to obtain a Georgia Insurance Counselor License. The bond amount required is $5,000, but the cost of the bond is generally $100 a year. Apply with Surety1 for a free, no-obligation quote!
An insurance counselor is defined by the 2017 Georgia Code as any individual who engages or advertises himself or herself out as engaging in the business of counseling, advising, or rendering opinions as to the benefits promised under any contract of insurance issued or offered by any insurer.
In order to obtain an Insurance Counselor License in this state, the following requirements must be submitted to the Georgia Insurance Department:
More information about the licensing requirements and processes can be found on the Georgia Insurance Department’s website.
This bond is required by the state to ensure all licensees operate within the rules and regulations set forth. If a customer is wronged or damaged by the unlawful or unethical operation of the licensee, the customer can make a claim on their Georgia Insurance Counselor Bond. If settled, the surety company would pay out the claim, however the bond principal (the insurance counselor in this case) must repay the surety company for any losses incurred. In this event, both the state and customer are protected from financial harm.
In order to obtain this bond, simply fill out our free online application! One of our licensed agents will contact you within one business day with a quote for the price to obtain your bond (the “premium”). If you choose to move forward after receiving your quote, we will have you sign any necessary paperwork and remit the premium payment, at which time we will ship your surety bond to you via USPS Priority Mail (with overnight shipping options also available).
Why choose Surety1?
At Surety Solutions Insurance Services, Inc. (Surety1), our agents work with over a dozen “A” rated surety markets to ensure we are finding you the lowest price for your bond. We’ve been issuing surety bonds since 2003 and our quality, reliable service has led us to an A+ rating by the Better Business Bureau! Licensed in all 50 states.