Insurance Producer Bond & Insurance Broker Bond Requirements
Most licensed insurance producers never need a surety bond. An insurance producer bond (also called an insurance broker bond) applies to a narrower group, chiefly surplus lines brokers placing coverage with non-admitted insurers, and in Washington also resident producers placing business with insurers that have not appointed them. Tell us your state and license type: if a bond is required, we quote it across multiple Treasury-listed surety carriers. You pay only when your bond is issued.
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All content is researched from official state and federal sources (.gov). BuySuretyBonds.com works with Treasury-listed surety carriers.
- Who requires it: The state insurance regulator, for surplus lines brokers and, in Washington, some resident producers (Va. Code 38.2-1857.2 in Virginia, and the WA OIC in Washington).
- Amount: Depends on the state, and most appointed producers need no bond. Virginia sets $25,000 for surplus lines brokers. Washington resident surplus line brokers carry a $20,000 bond plus a second bond of the greater of $2,500 or 5% of prior-year brokered premiums, capped at $100,000.
- Timing: We submit complete applications to the carrier promptly; most quotes within one business day.
Do you need an insurance producer bond?
| Your situation | Bond usually required? |
|---|---|
| Appointed agent or resident producer, all carriers appoint you | Usually no |
| Resident producer placing with insurers that have not appointed you | Depends on state (for example Washington) |
| Surplus lines or excess line broker | Often yes, state-specific |
| Title agent, bail agent, premium finance company | Separate license classes with their own bonds |
The bond is tied to the activity, not the job title. New to bonds? Read what a surety bond is.
Surplus lines and producer bond amounts by state
| State | Amount | Who | Source |
|---|---|---|---|
| Virginia | $25,000 | Surplus lines broker; in favor of the Commonwealth, 30 days’ notice to cancel | Va. Code 38.2-1857.2 |
| Washington | Greater of $2,500 or 5% of prior-year premiums placed with non-appointing insurers, capped at $100,000 | Resident producers | WA OIC bonds page |
| Washington | $20,000 in favor of the state, plus a second bond of the greater of $2,500 or 5% of prior-year brokered premiums, capped at $100,000 | Resident surplus line brokers | WA OIC bonds page |
Nonresident producers and surplus line brokers are exempt in Washington. Other states are not tabled because we have not verified them; ask and we confirm the current rule with the regulator. State pages: Virginia and Washington.
Rules as of Sep 30, 2026. Amounts and forms change, so confirm with the regulator.
How it works and what it costs
- Tell us your state and license type in the form.
- We confirm the requirement, then shop multiple Treasury-listed surety carriers for a quote.
- You pay only when your bond is issued. The quote is free.
The premium is typically a small percentage of the bond amount per year; the carrier sets the final price. See how surety bond pricing works.
Related adjuster and insurance bonds
Working in claims rather than placement? See Texas public adjuster bonds, Florida public adjuster bonds and the public adjuster bond overview. Title agents can start at title agency bonds; more license bonds at license bonds.
Frequently asked questions
Do insurance producers need a bond?
Most appointed producers do not. A bond applies to specific activities, such as surplus lines brokering or, in Washington, resident producers placing with insurers that have not appointed them.
What is an insurance producer bond?
A license bond that guarantees a producer or broker follows insurance law and, for surplus lines, remits premium taxes. If a valid claim is paid, the producer must reimburse the surety.
Is an insurance broker bond the same as an insurance agent bond?
Not necessarily. The name depends on your state’s license class. We match your license type to the right bond before quoting.
What surplus lines broker bond do I need?
It depends on the state. Virginia sets $25,000 (Va. Code 38.2-1857.2). Washington’s resident surplus line brokers carry a $20,000 bond plus a second premium-based bond. Ask us about any state not listed.
How much does it cost?
The premium is typically a small percentage of the bond amount per year; the carrier sets the final price. Any number before underwriting is an estimate.
Do you charge before the bond is issued?
No. Quotes are free, and you pay only when your bond is issued.
Can I get a bond if my state is not listed?
Yes. We verify the requirement with the regulator, then quote it.
Confirm your requirement, then quote the right bond
We shop multiple Treasury-listed surety carriers. If one can't write your bond, we can take it to another.
Check my bond requirementPrefer to talk? Call 1-844-810-2663
Free quote. Pay only when your bond is issued.
Sources (rules as of Sep 30, 2026)
Rules as of Sep 30, 2026. Requirements can change; confirm with the agency before you file. General information, not legal advice.