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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 …

Bond amount$2,500
State or jurisdictionUtah
ObligeeState of Utah

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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2323 yearsHelping clients and agents
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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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