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Washington D.C.
Non-Resident Insurance Broker Bond

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Coverage Amount: $5,000
Term Length: 2 years
Cost: $50
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D.C. Non-Resident Insurance Broker Bond Guide

If you’re applying for a nonresident insurance broker or producer license in Washington D.C., you’ll need this surety bond. 

Bond Overview

  • Purpose: To protect clients and the state from financial harm 
  • Who Needs It: Nonresident insurance brokers
  • Regulating Body: The D.C. Department of Insurance, Securities and Banking (DISB)
  • Required Coverage: $5,000
  • Premium Rate: $50 for a 1-year term

Learn all about the bond requirements and process in this guide.

What Is a D.C. Non-Resident Insurance Broker Bond?

A D.C. non-resident insurance broker bond guarantees that insurance professionals fulfill their duties ethically and according to city and state laws. 

Bonding helps protect consumers who work with insurance brokers from potential wrongdoing.

How Much Do Non-Resident Insurance Broker Bonds Cost?

A $5,000 D.C. non-resident insurance broker bond costs a flat rate of $50. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes!

Bond Type
$5,000Non-Resident Insurance Broker Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a Non-Resident Insurance Broker Bond? 

The Washington D.C. DISB requires this bond as part of the licensing process for all nonresident insurance brokers or producers in the district.  

How Do I Get My Bond?

With SuretyBonds.com, you can buy your D.C. non-resident insurance broker bond instantly online. Just enter your information and checkout in minutes. 

We’ll email you the bond shortly after purchase. Be sure to file it with the Department as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a D.C. Non-Resident Insurance Broker Bond Work? 

A non-resident insurance broker bond creates a legal contract between these three parties: 

  1. Principal: You, the insurance broker filing the bond
  2. Obligee: The D.C. Department of Insurance, Securities and Banking requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Section 32 of Public Law No. 824 of 1940. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire on April 30 of odd-numbered years. To renew your non-resident insurance broker bond, simply pay your renewal invoice when prompted. 

After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage. 

More Resources

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