Pennsylvania Surplus Lines Agent’s Bond

A Pennsylvania Surplus Lines Agent’s Bond a type of surety bond required by the Pennsylvania Insurance Department for any person or entity that solicits or places insurance with an unlicensed insurer. The bond amount required is $25,000. The cost of the bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the best price at the right terms.

The bond guarantees that the surplus lines agent will comply with all of the provisions of the Pennsylvania Surplus Lines Law.

In Pennsylvania, anyone who solicits or places insurance with an unlicensed insurer must have a Pennsylvania Surplus Lines Agent license. This includes:

• Individuals who act as surplus lines brokers
• Individuals who act as surplus lines adjusters
• Individuals who place insurance for their own account, if the insurance is not placed through a licensed surplus lines agent

How to get a Pennsylvania Surplus Lines Agent’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 Surety 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.

To obtain a Pennsylvania Surplus Lines Agent license, you must:

• Be at least 18 years old
• Be a resident of Pennsylvania or another state that has a reciprocal licensing agreement with Pennsylvania
• Have a clean criminal record
• Pass the Pennsylvania Surplus Lines Examination
• Submit an application and pay the required fee to the Pennsylvania Insurance Department
• Provide a $25,000 Pennsylvania Surplus Lines Agent’s Bond

The Pennsylvania Surplus Lines Examination is a two-hour, 100-question multiple-choice exam that covers the laws and regulations governing surplus lines insurance in Pennsylvania. The exam is administered by Pearson VUE. You can register for the exam online or by calling Pearson VUE at 1-800-251-2136.

The fee for a Pennsylvania Surplus Lines Agent license is $200. The license is valid for two years and must be renewed every two years.

Once you have obtained a Pennsylvania Surplus Lines Agent license, you must comply with all of the provisions of the Pennsylvania Surplus Lines Law. This includes:

• Placing all surplus lines insurance with eligible surplus lines insurers
• Maintaining records of all surplus lines insurance transactions
• Filing annual reports with the Pennsylvania Insurance Department

Failure to comply with the provisions of the Pennsylvania Surplus Lines Law could result in the suspension or revocation of your license. For more information on Pennsylvania Surplus Lines Agent licenses, please visit the Pennsylvania Insurance Department website.