Florida Insurance Premium Finance Company Bond
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We know that securing your license is a top priority, and we're here to help you get the required $35,000 Insurance Premium Finance Company Surety Bond quickly and at the best possible price! This bond is required by the Florida Office of Insurance Regulation for all licensed Premium Finance Companies.
To obtain an Insurance Premium Finance Company license, applicants must have a net worth of at least $10,000, if the $35,000 deposit is made with the Bureau of Collateral Management. If no deposit has been made, then applicants must have a net worth of at least $35,000.
Applicants must also provide a 3-year plan of volume of business and marketing, other sources of capital, and a line of credit verification.
Follow this link if you would like to visit the Office of Insurance Regulation page for the
Florida Insurance Premium Finance Company 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 - Office of Insurance Regulation
Bond Amount - $35,000.00
Bond Premium - Varies
Renewal Document - None.
Why Choose BondAbility? Your Partner in Compliance!
When you need to meet a strict government requirement quickly and affordably, BondAbility is the smart choice. We’ve been supporting professionals through the licensing process for years!
- Built on Trust, Backed by Family: As a trusted, family-owned provider, we don't just process bonds—we build relationships. We combine deep industry knowledge with a personal commitment to your success, offering reliable support that major corporations can't match.
- Dedicated to Your Lowest Price: Our priority is actively shopping your application across multiple carriers. We strive to guarantee you the lowest possible rate, whether you have perfect credit or are utilizing our special credit blemish program.
- Unmatched Speed: We respect your deadlines. After you submit your application, our underwriters move fast to review your qualifications. You'll receive your firm, personalized quote within the hour—allowing you to complete your Florida licensing without delay.