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California Insurance Broker Bond

How much does an insurance broker bond cost in California?

The California Producer Licensing Bureau requires insurance brokers to post $10,000 surety bonds prior to conducting business.

SuretyBonds.com issues these 2-year bonds for just $100. There’s no credit check required, so everyone qualifies instantly. Purchase your California surety bond now!

Bond Type Bond Amount Cost*
Insurance Broker Bond $10,000 $100 for 2 years Buy Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

5 minutes and $100 is all it takes to get bonded when you choose SuretyBonds.com! Call 1 (800) 308-4358 or click here to get bonded instantly!

Why do I need this bond?

By posting a California insurance broker bond, principals (insurance brokers) pledge to handle all funds received appropriately and apply them to the services and products requested by the client. If the principal or his/her solicitors and employees fail to conduct ethical and lawful business, the bond protects consumers from financial loss up to the full amount of the bond. The principal must reimburse the surety for all damages paid out.

Purchase your California surety bond now for just $100!

What’s the fine print?

Insurance broker bonds in California remain in full force and effect until the surety is released from further liability by the insurance commissioner or until the surety cancels the bond. The surety can cancel the bond by delivering written notice of cancellation to the commissioner at least 30 days prior to the effective termination date.

How to become an insurance broker in California

Completed insurance broker registration applications should be sent to the Insurance Commissioner of California. The following materials must be included in a completed registration application:

  • $10,000 surety bond
  • Action Notice of Appointment
  • Business Entity Endorsement
  • Action Notice of Solicitor

Kickstart the licensing process by purchasing your California insurance broker bond now!

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State of California Bond of Insurance Broker form

California Department of Insurance Qualifications

California Department of Insurance Applicable Forms

California Department of Insurance Agents and Brokers Overview

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