State of Utah - Nonresident Agent's or Broker's License Bond
This bond is required for insurance agents and brokers who live outside of Utah but want to sell insurance in the state. It's a $2,500 financial guarantee that protects Utah residents and the state government if the out-of-state agent breaks Utah's insurance laws or acts dishonestly. If an agent causes financial harm …
Overview
What it is.
This bond is required for insurance agents and brokers who live outside of Utah but want to sell insurance in the state. It's a $2,500 financial guarantee that protects Utah residents and the state government if the out-of-state agent breaks Utah's insurance laws or acts dishonestly. If an agent causes financial harm …
Who usually needs it
Nonresident insurance producers (agents or brokers) who are business entities applying for a Utah non-resident license need this bond as part of the licensing process. The bond is required for those seeking authority in lines such as Life, Accident & Health, Property, Casualty, Personal Lines, Variable Life and Variable Annuity, and ensures compliance with …
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.
StateUTBond amount$2,500ObligeeState of UtahBond classLicense BondCategoryOtherBondState of Utah - Nonresident Agent's or Broker's License BondPlain descriptionThis bond is required for insurance agents and brokers who live outside of Utah but want to sell insurance in the state. It's a $2,500 financial guarantee that protects Utah residents and the state government if the out…Who needs this bondNonresident insurance producers (agents or brokers) who are business entities applying for a Utah non-resident license need this bond as part of the licensing process. The bond is required for those seeking authority in…
