Georgia Surplus Lines Broker’s Bond

A Georgia Surplus Lines Broker’s Bond is a type of surety bond required by the Georgia Office of Commissioner of Insurance for anyone licensed to act as an surplus lines broker in the state. The bond amount is $50,000 (in rare occasions can be more). 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 A Georgia Surplus Lines Broker’s 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 Georgia Surplus Lines Broker’s 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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Any individual that sells, solicits, or negotiates insurance on properties, risks, or exposures located or to be performed in Georgia with non-admitted insurers must be licensed as a surplus lines broker.

How to Get a Surplus Lines Broker’s License

Acquiring a Georgia Surplus Lines Broker License involves several steps and qualifications set forth by the Georgia Office of Commissioner of Insurance (OCI). Here’s a breakdown of the process:

Eligibility Requirements:

• You must already hold, or concurrently apply for, a resident property and casualty agent’s license in Georgia. This is a prerequisite for obtaining a surplus lines broker license.
• You must be deemed competent and trustworthy by the OCI. This might involve a background check and review of your experience.

Examination:

• You need to pass a written examination specifically designed for Surplus Lines Brokers. Information regarding the exam can be found on the Pearson VUE website, the vendor used by the OCI for licensing exams: https://home.pearsonvue.com/

Application Process:

• You can apply for the license electronically through the Georgia Licensing Portal, either NIPR or Sircon. These are online systems used by the OCI for various licensing procedures.
• Required Documents:
  • A completed Surplus Lines Broker License Application Form (GID-109)
  • A Surplus Lines Broker’s Bond form (GID-114) with a minimum amount of $50,000.
  • Proof of passing the Surplus Lines Broker exam.¹
  • Documentation verifying your current property and casualty agent license (or application for one).
  • Any additional documents requested by the OCI during the application process.
• There’s a non-refundable application fee of $615.

^{1 – If you hold the Chartered Property Casualty Underwriter (CPCU) designation, you may be eligible for a waiver of the surplus lines broker exam.} 

Additional Resources:

• Licensed Adjusters, Public Adjusters, Counselors & Surplus Lines Brokers: https://oci.georgia.gov/
• Agents & Agency Licensing: https://oci.georgia.gov/agents-agency-licensing/agent-licensing-renewals

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.