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Georgia Premium Finance Company Bonds

What is a Georgia Premium Finance Company Bond?

A Premium Finance Company's Bond is required in Georgia pursuant to the provisions of the Insurance Premium Finance Company Act for those applying to or having previously applied to the Commissioner of Insurance of the State of Georgia for a license to conduct the business of entering into Insurance Premium Finance Agreements in the state. The surety bond is conditioned on the principal properly accounting for all funds collected in connection with premium finance contracts and full compliance with the requirements of the Act and state laws. This premium finance company surety bond may only be cancelled or terminated through 30 days prior written notice filed with the Commissioner.

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Premium Finance Company Bond

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