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Florida Premium Finance Company Bond

How much does a premium finance company bond cost in Florida?

The Florida Office of Insurance Regulation requires premium finance companies to post $35,000 surety bonds prior to conducting business.

These bonds are subject to underwriting consideration, which means the price you’ll pay is based on a review of your personal credit report. Qualified applicants could pay as low as $250 for their bond! Request your free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Premium Finance Company Bond $35,000 Starts at $350 $1,400-2,800 $3,500+ Apply 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.

Begin the bonding process by calling 1 (800) 308-4358 or submitting a bond request. Our experts can typically provide free, no-obligation bond quotes within 1 business day of submitting your application.

Why do I need this bond?

Florida premium finance company surety bonds ensure that principals (premium finance companies) conduct business in accordance with Chapter 627, Part XV of the Florida Statutes. If the principal fails to conduct business ethically and lawfully, the bond protects harmed parties from financial loss up to the full penal sum of the bond ($35,000). The premium finance company must reimburse the surety for any damages paid out.

Request your free bond quote now!

What’s the fine print?

Premium finance company bonds in Florida can be canceled by the surety if the surety gives written notice of cancellation to the commissioner at least 30 days prior to the effective cancellation date.

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Florida Office of Insurance Regulation

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