surplus lines broker bonds

Why This Is Important, Surplus Lines Broker Bond

The Georgia surplus lines broker bond is a $50,000 surety bond required by the state’s department of insurance. Test Casher Bond – A test casher is defined as a person or enterprise who cashes checks with a face value of $1,000 or higher. 12 states require a check casher bond to ensure that the individual or entity to be issued or preserve a test casher license. The bond is mandated to guard the State and general public against acts of dishonesty, fraud, theft or malfeasance. In addition, the bond serves to make sure that the verify casher complies with all State regulations and licensing requirements.

1. Complete an online utility. It is free and no-obligation. 2. One among our surety consultants will contact you with a agency quote and an settlement to signal. three. Present payment and your signed settlement, after which you’ll receive your Oklahoma Surplus Lines Broker Bond! If in case you have any questions, please name us at 877-654-2327.

Surplus Lines Broker Bond, All About It

We write $15,000 Surplus Lines Broker Bonds in New York. A Bond of Surplus Line Broker, type LIC 447-31 , within the penal sum of $50,000, by a California admitted surety and accompanied by a jurat and an influence of attorney for the lawyer in-reality executing bond; completed within the title of the applicant and signed by the applicant.

SECTION 38-forty five-90. Duties of brokers putting enterprise with nonadmitted insurers; statements and stories; due diligence.

Pursuant to MCL 500.1905(three)(d) as a condition of licensure, the surplus lines licensee is required to report and pay surplus lines taxes and regulatory fees on enterprise written in Michigan for each calendar six-month period. Experiences and funds are due electronically on February 15 for the previous six-month period ending December 31 and on August 15 for the preceding six-month period ending June 30.

Surplus Lines Agent Licensing

1-888-416-0868 or (615) 741-2693 This office is accountable for the licensing and regulation of insurance producers, enterprise entities, title companies, surplus lines agents, vehicle membership agents, schooling providers, public adjusters, public adjuster business entities, crop adjusters, viatical settlement suppliers, brokers and funding agents, transportable electronic distributors and self-service storage insurance facilities. No, the Surplus Line Broker would hold an energetic license however would don’t have any authority to transact as a Surplus Line Broker.

This bond is required by the Wyoming State Board of Pharmacy, and guarantees that the wholesale drug distributor pays all charges, taxes, etc. to the jurisdiction requiring the license and comply with all of the guidelines for that license.

What Companies Need To Know About Surplus Lines Broker Bond

1-888-416-0868 or (615) 741-2693 This office is liable for the licensing and regulation of insurance producers, business entities, title businesses, surplus lines agents, vehicle club agents, schooling providers, public adjusters, public adjuster enterprise entities, crop adjusters, viatical settlement providers, brokers and investment agents, transportable digital distributors and self-service storage insurance services. Supervising Common Agent biennial renewal expiration date will likely be calculated relying on the licensee’s delivery month. Licenses are issued on a biennial foundation with a minimum time period of thirteen months and a most time period of 24 months. Licenses could also be renewed on-line up to sixty seven days prior to the expiration date.