Georgia Surplus Lines Broker Bond Overview
- Purpose: To ensure insurance brokers uphold state regulations
- Who Needs It: All resident surplus lines brokers in Georgia
- Regulating Body: The Georgia Office of the Commissioner of Insurance and Safety Fire
- Bond Amount: $50,000
- Premium Price: $500 for a one-year term
What Is a Georgia Surplus Lines Broker Bond?
Georgia surplus lines broker bonds protect the state and consumers from harmful insurance practices. The Office of the Commissioner of Insurance and Safety Fire (OCI) requires a $50,000 for resident surplus lines brokers.
How Much Do Surplus Lines Broker Bonds Cost in Georgia?
Georgia surplus lines broker bonds cost a flat rate of $500. You can also select a multi-year term at checkout to save 25%.
Click below to purchase your bond instantly — no credit check required!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Georgia Surplus Lines Broker Bond Work?
When you purchase a Georgia surplus lines broker bond, you enter into a legal contract between three parties.
| Bond Party | Description |
|---|---|
| Principal | The surplus lines broker filing the bond |
| Obligee | The Georgia Office of the Commissioner of Insurance and Safety Fire requiring the bond |
| Surety | The issuing surety provider |
This bond is your financial guarantee to the OCI that you’ll uphold Georgia Code §§ 33-5-20 through 33-5-35. The following practices are strictly prohibited:
- Removing your office records from the state
- Failing to file the required affidavits or reports
- Placing insurance with an insurer that you know is insolvent
- Charging unauthorized fees
If you commit any of these acts, harmed parties can file claims against your bond. The surety will pay valid claims up to the full $50,000 bond amount, but you must refund the surety.
How Do I Get a Surplus Lines Broker Bond in Georgia?
Our secure online portal makes the bonding process fast and easy. Simply enter your name and address into the form on this page.
Once you pay the premium, we’ll email you the official bond form within minutes. Be sure to upload the digital form to your license application.
Can I Get Bonded With Bad Credit?
Yes, this bond doesn’t require a credit check! All applicants are eligible for the same flat rate.
How Do I Renew My Bond?
Georgia surplus lines broker bonds expire annually. We’ll send you reminders by email and text starting 90 days before the expiration date. To renew, simply pay the attached invoice.
Can I Make Changes to My Bond?
Yes, you can sometimes make minor changes to your bond form by requesting a bond rider from your surety company. If you purchased from us, email the change request to [email protected].
How to Become a Surplus Lines Broker in Georgia
The Georgia OCI requires a separate licensing process for resident and nonresident surplus lines brokers.
Resident Surplus Lines Broker Licensing
First, you need to apply for or already hold a property and casualty agent license. Then, follow these steps to get your surplus lines broker license:
- Pass the Pearson VUE surplus lines broker exam
- Purchase a $50,000 surety bond
- Complete the online application via NIPR or Sircon
- Pay the $615 fee
Note: The OCI may issue an exam waiver if you hold CPCU designation or were licensed for the same lines in your previous home state. In this case, you would need to apply within 90 days of moving to Georgia.
Nonresident Surplus Lines Broker Licensing
You’ll first need to hold an active property and casualty license and a surplus lines broker license in your home state. Once eligible, complete these steps through NIPR or Sircon:
- Apply for a Georgia nonresident property and casualty agent license and pay the $100 fee
- Apply for the Georgia surplus lines broker license and pay the $615 fee
- Submit an original certification letter from your home state, dated within the past 90 days
You must maintain your home state licenses at all times.
