Georgia Surplus Lines Broker Bond

A surplus lines broker bond is required by the State of Georgia as a prerequisite to become a licensed surplus lines broker in Georgia.

The bond guarantees that the licensee will comply with all applicable Georgia statutes and requirements, file a sworn statement of the gross premiums for insurance placed and gross premiums returned on such insurance policies that are canceled, and pay 4% of such premiums placed minus premiums canceled to the Commissioner of Insurance of the State of Georgia at the time of filing. The bond also guarantees that the licensee will faithfully account for all money or premium collected in conjunction with a request to obtain insurance.

Surplus lines brokers are required by State of Georgia statutes to obtain a bond in order to obtain a surplus lines broker license.

A $50,000 surety bond is required by the State of Georgia from a surety company authorized to conduct business in Georgia.

Colonial offers the direct and digital way to obtain a Georgia surplus lines broker bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are simple — get a quote online, fill out your information, and enter your payment method. Print your bond from your home or office. It’s that simple!

A Georgia surplus lines broker bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the applicable government agency.

It is important to understand how surety bonds work and who is the insurance company issuing your bonds. It is easy to obtain a Georgia surplus lines broker bond when you deal directly with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.