The Texas Insurance Agency Bond is required by the Texas Department of Insurance for all those looking to obtain a Texas insurance license. The Department of Insurance requires that the Texas Insurance Agency Bond be in an amount not less than $25,000. The bond states that the bond holder shall discharge losses that result from any final judgment recovered against the bond holder by any customer. The money from this bond is payable to the Texas Department of Insurance for the use and benefit of any customer.
All applicants must be at least 18 years old. They must submit a completed application form, along with payment of $50 for the license fee. They must also satisfy the fingerprint requirements by providing a copy of a fingerprint receipt from IdentoGo proving that they have submitted their fingerprints to the Texas Department of Public Safety. For nonresident applicants with no current insurance license, they must additionally submit their criminal history records. Corporations, etc must provide a copy of their Charter, Certificate of Formation or registration.
How do I obtain a Texas Insurance Agency Bond?
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Texas Insurance Agency 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.