California Insurance Broker Bond

1. Start Your Application

Fill out the online application form

2. Receive Your Free Quote

You will be sent your quote in minutes

3. Buy Your Surety Bond

We offer secure payment options

START YOUR APPLICATION

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Apply for a California insurance broker bond quote online
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Great bonding rates
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Bad credit bonding available

How Much Does a California Insurance Broker Bond Cost?

The cost of a California insurance broker bond is from $100 to $1,000. This cost is based on the state’s requirement for a $10,000 bond. To meet this requirement, you can purchase the bond for a bond premium from a surety company rather than paying the full penal sum.

Our respected surety company is authorized to sell bonds in the state, and we have served our customers for more than 10 years. Rates from 1% to 10% are available based on the applicant’s qualifications.

When you apply for an insurance broker bond with us, we will review your assets, credit history and professional credentials prior to giving you a bond quote. We work with applicants with a wide range of credit scores. More than 99% of our applicants qualify for a bond.

For example, with a credit score of 700 or higher, you qualify for a bond rate of 1% to 3%. The bond cost in this case is between $100 and $300.

Surety Bond Cost Based on Credit Score
Surety Bond Name	Surety Bond Amount	Over 700	Between 600 - 699	Below 599
California Insurance Broker Bond	$10,000	$100 - $300	$300 - $500	$500 - $1,000

* This table provides a ballpark estimate of potential bond costs. Bond pricing can fluctuate over time due to a number of factors. For exact pricing, please complete an application.

How to Get a California Insurance Broker Bond

1. Submit Your Application

We take the hassle out of applying for a California insurance broker bond with our quick and easy process. To walk through our three-step process, start by filling out the online application

2. Get Your Bond Quote

Your bond application will be reviewed immediately after you submit it. Bond quotes are available within minutes. However, some applications are complex and need additional review. In these cases, quotes are available in 48 hours or less.

3. Buy Your Bond

The last step is to make your bond premium payment. This is easy to do through our payment portal. You will soon receive your bond via email. If you need a mailed copy, please let us know.

We strive to deliver a hassle-free bond experience for our valued customers. If you need assistance with your application or have questions, please reach us online or by phone at (877) 514-5146 today.

Kai was eager to be an insurance broker in California, so he took advantage of our short process to apply for the required bond. He enjoyed how convenient it was to apply and pay for the bond premium online. After quickly receiving his bond, he submitted the state’s licensing application.

Insurance Broker Bond Requirements in California

The licensing requirements for insurance brokers are established under the General Rules Regarding Insurance, Chapter 5, Article 3. Licensees are required to have a surety bond, according to Chapter 5, Article 5. The required amount for a California insurance broker bond is $10,000.

The bond is in favor of the People of the State of California. This is a continuous bond and remains in force until it is canceled by the surety company. The surety company must provide a 30-day written notice to the Department of Insurance and the principal.

To avoid the cancellation of your bond, you must pay the bond premium annually. We will assist you with this by providing you with a payment reminder and updated payment instructions each year.

How to Get Your Insurance Broker License in California

Insurance broker license and renewal applications are processed by the California Department of Insurance. The following items are required to apply for an insurance broker license:

Application
Application fee
Completion of pre-licensing education
Passing score on the state’s Broker-Agent License exam
Fingerprint impressions
A $10,000 surety bond

We can answer your questions about insurance broker bond requirements. If you have questions about applying for an insurance broker license in California, please contact:

California Department of Insurance
1901 Harrison Street
Oakland, CA 94612
Phone: (800) 967-9331

START YOUR APPLICATION It's FREE. No Obligations. Approval in Minutes.

Robin Kix

Robin Kix is our Renewal Department Manager. During her 10 years in the surety industry, she helped thousands of businesses throughout the nation remain compliant at the federal, state and local level. She has significant experience supporting commercial bond lines, particularly in the automobile, transportation and construction industries. Robin and her team work together to create a positive customer service experience at the time of every policy renewal, whether that be finding the best pricing or offering additional assistance.

About Us

Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more