A Georgia Surplus Lines Broker Bond is a $50,000 guarantee required for insurance professionals who sell specialized insurance policies that regular insurance companies don't offer. The State of Georgia requires this bond to protect consumers and ensure brokers follow state insurance laws and handle client money prope…
Overview
What it is.
A Georgia Surplus Lines Broker Bond is a $50,000 guarantee required for insurance professionals who sell specialized insurance policies that regular insurance companies don't offer. The State of Georgia requires this bond to protect consumers and ensure brokers follow state insurance laws and handle client money prope…
Who usually needs it
Individuals or entities licensed as surplus lines brokers in Georgia need this bond. Surplus lines brokers are professionals who sell, solicit, or negotiate insurance on properties, risks, or exposures in Georgia using non-admitted insurers (insurers not licensed in the state). The $50,000 bond must be filed prior to license issuance or renewal and guarante…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateGABond amount$50,000ObligeeState of GeorgiaBond classLicense BondCategoryInsuranceBondGeorgia Surplus Lines Broker BondJurisdictionStatePlain descriptionA Georgia Surplus Lines Broker Bond is a $50,000 guarantee required for insurance professionals who sell specialized insurance policies that regular insurance companies don't offer. The State of Georgia requires this bo…Who needs this bondIndividuals or entities licensed as surplus lines brokers in Georgia need this bond. Surplus lines brokers are professionals who sell, solicit, or negotiate insurance on properties, risks, or exposures in Georgia using …
