Alabama Surplus Line Broker Surety Bond
Instant $50,000 Broker Bond – Only $350
Term Options
Renew less often, save time and money by choosing a longer bond term!
General Information
Why Do I Need an Alabama Surplus Lines Broker Bond?
Individuals applying for an Alabama Surplus Lines Broker license are required to file a $50,000 surety bond with the Alabama Department of Insurance. This bond ensures compliance with state laws when placing coverage with non-admitted carriers.
Fast & Simple Bond Solutions – No Application or Credit Check Required
- $350 for 1 year
- Multi-year discounts available
- Issued instantly with no credit check
- Backed by A-rated surety companies
- Delivered electronically via email immediately after payment
Bond Pricing
| Bond Amount | Term | Price | Get Bond |
|---|---|---|---|
| $50,000 | 1 Year | $350 | Buy Now |
| $50,000 | 2 Years | $613 (Save $87) | Buy Now |
| $50,000 | 3 Years | $875 (Save $175) | Buy Now |
Purchase Now
How to Get Licensed as an Alabama Surplus Lines Broker
- Be licensed in Alabama as a property and casualty insurance producer.
- Submit a surplus lines broker license application.
- Include the $50,000 surety bond and required fees.
- If applying as an agency, designate an individual licensed broker for compliance.
Bond Details at a Glance
- Bond Amount: $50,000
- Cost: $350 for 1 year
- Obligee: Alabama Department of Insurance
- Obligee Address: 201 Monroe Street, Suite 1700, Montgomery, AL 36104
- Type: License & Permit Bond
- Delivery: Email
FAQs
Do individuals and agencies both need to be licensed?
Yes. The individual surplus lines broker must be licensed and is responsible for affidavit and tax filings. If commissions are paid to the agency, the agency must also hold a surplus lines license. Only the individual makes filings.
Is a credit check required for this bond?
No. We issue this bond without a credit check or application—just fast and easy online purchase.
Can non-residents apply for this license?
Yes. Non-residents can apply by submitting a copy of their home state application and proof of licensure. Their license must be in good standing, and their home state must offer reciprocity.
Ready to Secure Your Alabama Surplus Lines Broker Bond?
Secure your bond online now or contact our knowledgeable team with questions. BondAbility makes meeting your Alabama bonding requirements quick, easy, and affordable.