Arizona Managing General Agent Surety Bond
We write Managing General Agent Surety Bonds in Arizona.
Our GOOD CREDIT price Varies.
Arizona Managing General Agent Surety Bonds are required by the Arizona Department of Insurance. The required bond amount is Set by the obligee. To obtain a Managing General Agent License, applicants must complete bond form, Form L-106.
In lieu of posting a Surety Bond, applicants may also sumbit, to the Department of Insurance, a certificate of deposit, or a security.
A Managing General Agent is an individual or business that is used by an insurer for producing and underwriting amount of gross premiums. The premium is at least five percent of the policyholder's surplus from the last quarterly or annual statement. The Managing General Agent also negotiates and binds reinsurance contracts, manages the insurance business of the insurer, and acts as an insurance producer for the insurer.
Follow this link if you would like to visit the Department of Insurance page for the Arizona Managing General Agent Surety Bond requirement.
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Additional information about this corporate surety bond requirement is as follows:
Obligee - Arizona Department of Insurance
Bond Amount - Set by the obligee
Bond Premium - Varies
Renewal Document - None.