A Georgia Surplus Lines Broker Bond is required by the Georgia Office of Insurance Commissioner for any entity wishing to obtain a license in this field. Surety1 can issue this bond at a 1% rate with good credit! Apply online to get your free, no-obligation quote!
A Surplus Lines Broker is a broker who is licensed to place coverage with non-admitted insurers. Non admitted insurance companies are insurers not licensed to do business in a given state. Surplus lines insurers can write coverage through a surplus lines broker if the broker is licensed in the state where coverage is being written.
What are the requirements in order to get a Surplus Line Broker License in Georgia?
To be able to apply for a Surplus License in Georgia, applicants must first hold an active Georgia agent-resident property and resident casualty license. They must also take the examination although the NIPR states that they can be given a waiver for the examination if they hold a CPCU designation.
Additionally, all applicants must submit a Georgia Surplus Lines Broker Bond in the amount of $50,000 issued by a surety company licensed to do business in Georgia. Note: Surety1 represents over a dozen “A” rated surety markets that are all licensed in Georgia!
More information about these licensing requirements can be found on the GA Insurance Commissioner website.
Where can I get a Georgia Surplus Lines Broker Bond?
Surety1 understands the need for fast, reliable quotes when it comes to surety bond shopping. Simply submit a quick (and free!) online application and one of our licensed agents will contact you with a no-obligation quote within one business day!
If you choose to move forward after hearing your quote, your agent will ask you to provide any more information or signatures necessary to complete your bond, collect the premium payment, and ship you your completed Georgia Surplus Lines Broker Bond via USPS Priority Mail. Overnight shipping options are always available for a small additional fee.
Why choose Surety1?
Surety1 works with over a dozen “A” rated surety markets to ensure they are finding you the lowest possible quote for your bond! They been in the bonding business since 2003, and maintain an A+ rating from the Better Business Bureau for fast, reliable service.