This bond is required for anyone who wants to sell insurance products in Washington State. Think of it as a financial safety net that protects consumers if an insurance salesperson breaks the rules, acts dishonestly, or causes financial harm while doing their job. The bond amount varies depending on the specific situa…
Overview
What it is.
This bond is required for anyone who wants to sell insurance products in Washington State. Think of it as a financial safety net that protects consumers if an insurance salesperson breaks the rules, acts dishonestly, or causes financial harm while doing their job. The bond amount varies depending on the specific situa…
Who usually needs it
Resident insurance producers licensed in Washington State who place insurance (either directly or indirectly) with an insurer where they are not appointed as an agent must obtain this bond. This includes individual producers or those affiliated with a business entity, association, or group meeting specific criteria. The bond ensures the producer properly ac…
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.
StateWABond amountVaries by license type or projectObligeeState of WashingtonBond classLicense BondCategoryOtherBondInsurance Producer's BondPlain descriptionThis bond is required for anyone who wants to sell insurance products in Washington State. Think of it as a financial safety net that protects consumers if an insurance salesperson breaks the rules, acts dishonestly, or…Who needs this bondResident insurance producers licensed in Washington State who place insurance (either directly or indirectly) with an insurer where they are not appointed as an agent must obtain this bond. This includes individual prod…
