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North Carolina Insurance Broker Bond

How much does an insurance broker bond cost in North Carolina?

The North Carolina Department of Insurance requires insurance brokers to post a surety bond in the amount of $15,000 before commencing business operations.

SuretyBonds.com can issue these bonds for just $150! Because this bond is not subject to underwriting, everyone qualifies for this low price. Submit a bond request or give us a call at 1 (800) 308-4358 to get bonded instantly!

Bond Type Bond Amount Cost*
$15,000 Insurance Broker Bond $15,000 $150 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.

Connect with an insurance broker bond expert! We can get you the North Carolina bond you need instantly without a credit check.

Why do I need this bond?

By purchasing an insurance broker bond in North Carolina, the principal (broker) pledges that his or her duties will be completed in compliance with the terms stated in the North Carolina General Statutes 58-33-25 and 58-33-30. Specifically, this bond ensures that the broker will fulfill all contracts entered into with clients and handle all monies and insurance policies ethically and lawfully.

Pay just $150 for an insurance broker bond for North Carolina when you work with SuretyBonds.com! We can get you bonded instantly.

What’s the fine print?

North Carolina insurance broker bonds remain in effect during the term of the license. If the surety chooses to terminate the bond, 30 days’ notice prior to cancellation must be given to the state. The notice must be submitted in writing and filed with the Commissioner and the licensee.

The applicant’s social security number and national producer number (NPN) must be on the surety bond form.

How to become an insurance broker in North Carolina

In addition to posting a surety bond, applicants in North Carolina must be licensed to legally do business as an insurance broker. To become a licensed insurance broker, applicants must:

  • submit a license application
  • complete the special education, training or experience of sufficient duration
  • furnish evidence of satisfactory completion of at least 20 hours of instruction for each license desired
  • take the designated examination required by the commissioner
  • and more

Submit a bond request to get bonded instantly! You can purchase this bond for just $150 when you work with SuretyBonds.com.

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N.C. Department of Insurance Broker Insurance Bond Form

N.C. Department of Insurance: How to Obtain a License

N.C. Department of Insurance: Guide for Insurance Licensing

Article 33. Licensing of Agents, Brokers, Limited Representatives, and Adjusters

North Carolina General Assembly 58-33-30 License requirements

North Carolina General Assembly North Carolina General Statutes Chapter 58: Insurance

North Carolina 58-9-11 Broker and insurer transactions

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