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Kentucky Surplus Lines Broker Bond - Financial Responsibility Bond

Kentucky Surplus Lines Broker Bond - Financial Responsibility Bond

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Who Requires the Surplus Lines Broker Bond - Financial Responsibility Bond and Why Is It Needed?

A Surplus Lines Broker Bond, also known as a Financial Responsibility Bond is a type of surety bond required by the Kentucky Department of Insurance for licensed Surplus Lines Brokers conducting business in the Commonwealth. This surety bond is mandated pursuant to the provisions of applicable sections of KRS 304 to indemnify any person damaged by any erroneous act or failure to act on the part of the bonded surplus lines broker. Notice of termination of the surety bond may be given through thirty days advance written notice provided by the surety company by sending completed Form 99-5 (available on the Department Web site) to the Department of Insurance.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Kentucky Surplus Lines Broker Bond - Financial Responsibility Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




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