Georgia Insurance Counselor Bond Overview
- Purpose: To guarantee proper handling of client funds
- Who Needs It: All insurance counselors operating in Georgia
- Regulating Body: The Georgia Office of the Commissioner of Insurance and Safety Fire
- Bond Amount: $5,000
- Premium Price: $100 for a 1-year term
What Is a Georgia Insurance Counselor Bond?
A Georgia insurance counselor bond ensures that insurance counselors operate honestly and comply with state law.
The Georgia Office of the Commissioner of Insurance and Safety Fire (OCI) requires a $5,000 surety bond for insurance advisor licensing.
Who Needs an Insurance Counselor Bond?
Both residents and nonresidents who advise clients on insurance contracts must be licensed and bonded with the Commissioner of Insurance. This includes the following categories:
- Property & Casualty
- Life, Accident & Sickness
- Limited Health
If you’re a standard agent or broker, you don’t need this bond.
How Much Do Insurance Counselor Bonds Cost in Georgia?
Georgia insurance counselor bonds cost $100 for a one-year term or $250 for a three-year term. No credit check or application is required!
Purchase your bond instantly below.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Georgia Insurance Counselor Bond Work?
A Georgia insurance counselor bond is a legal contract between these three parties.
| Bond Party | Description |
|---|---|
| Principal | The insurance counselor purchasing the bond |
| Obligee | The Georgia Commissioner of Insurance requiring the bond |
| Surety | The issuing surety provider |
By filing this bond, you promise to uphold Georgia insurance law. This includes acting honestly during transactions, properly managing client funds and avoiding fraud or misrepresentation.
How Do I Get an Insurance Counselor Bond in Georgia?
You can purchase your bond in minutes using the form on this page. We’ll email the official bond form to you right after payment. Be sure to file the bond along with your license application.
Can I Get Bonded With Bad Credit?
Yes, anyone can purchase this bond at the same rate — no credit check required!
How Do I Renew My Insurance Advisor Bond?
Georgia insurance advisor bonds expire annually, unless you purchase a multi-year term. We’ll send you renewal reminders starting 90 days before the expiration date. Simply pay the attached invoice to extend your bond for another term.
How Do I Update My Bond Information?
You’ll need to contact your surety company to make any changes to your bond form. If you purchased your bond from us, email [email protected] with the updated information.
How to Become an Insurance Counselor in Georgia
The Georgia Commissioner of Insurance regulates insurance counselor licensing. Follow these four steps to apply.
- Confirm Eligibility: If you’re a state resident, you typically need five years of experience in the lines you’re applying for. Nonresidents must hold a reciprocal license in their home state. If your state doesn’t license insurance counselors, you’ll need to take the Georgia exams for your lines of authority.
- Pass Exams: Register and take the applicable exams. Most exams last two hours and cost $67.
- Get a Surety Bond: Purchase a $5,000 bond
- Apply: Complete the application online via Sircon (residents) or NIPR (nonresidents). Fees vary based on residency and lines of authority.
How Do I Renew My License?
Georgia insurance counselor licenses expire every two years. You’ll receive a renewal notice 45 days before expiration. Complete your renewal through the same licensing portal you used to apply.
You’ll also need to complete the required continuing education:
- Licensed less than 20 years: 24 CE hours, including 3 hours of ethics.
- Licensed 20 or more years: 20 CE hours, including 3 hours of ethics.
