California Insurance Broker Bond

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California Insurance Broker Bond Information

The State of California Department of Insurance Producer Licensing Bureau requires a Bond of Insurance Broker (Form 50.12) pursuant to the California Code of Regulations Title 11 section 50.12. The surety bond must be in a penal sum, or coverage amount of $10,000 and the bond is required for an insurance broker's license to be issued by the Insurance Commissioner of the State of California. The surety bond is conditioned upon the proper accounting to any person requesting to obtain insurance, for money or premium collected by the bonded insurance broker, including its solicitors or employees.

California Insurance Broker Bond Prices - Buy Online

Insurance Broker Bond - 2 year term

$10,000 Bond

2-Year Bond

Buy Now - $100.00 Instant Purchase

Insurance Broker Bond - 3 year term

$10,000 Bond

3-Year Bond

Buy Now - $110.00 Instant Purchase

Surplus Line Broker Bond

$50,000 Bond

1-Year Bond for $500.00 2-Year Bond for $875.00 3-Year Bond for $1,250.00

Buy Now - $500.00 Instant Purchase

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Getting Your California Business License or Registration

Following are the steps required to secure your California Resident Insurance Broker license:

Fingerprint impressions from a California Department of Insurance examination site
Complete pre-licensing requirement of 20 hours of approved casualty studies and 12 hours of approved study on ethics and the California Insurance Code
Pass the Casualty Broker-Agent license examination. The California Department of Insurance (CDI) requires California resident applicants to first pass the qualifying license examination prior to submitting a license application
Apply for a casualty broker-agent insurance license via the state online service - Fast Licensing Application Service is Here (FLASH)
Pay required licensing fees
File a $10,000 Bond of Insurance Broker ("Insurance Broker Bond" Form LIC 417-5) or meet alternative sponsoring insurance company requirements as set out by the state.