Nebraska Surplus Lines Broker Bond

A Bond for Surplus Lines Licensee is a type of surety bond written to the Nebraska Department of Insurance and required under the statute §44-5504(3) of the State of Nebraska in order for surplus lines brokers to legally operate in the state. This surety bond is conditioned upon the licensed surplus lines broker properly accounting for and paying to persons entitled funds received by the licensee in the transactions, paying the taxes required by statute §44-5503, and engaging in business practices in accordance with statute §44-5501 to 44-5514.