Georgia — Insurance Broker Bond
Confirm the insurance license class before buying this broadly named Georgia broker offering. The commissioner's posted resident bond rule specifies different amounts for surplus lines brokers, public adjusters and counselors; it does not prove every insurance producer needs the same bond.
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- Recorded state
- Georgia
- Bond type
- Insurance Producer / Broker Bond
- Category
- Insurance professionals
What this bond does
Match the insurance broker license class to the requested bond. The licensing office and provider must match that broad title to the actual requested license bond and accepted form.
- Who needs it
- A Georgia insurance license applicant or holder that has received a specific bond request. Identify the class and resident status rather than choosing from a job title alone.
- Who it protects
- For the resident classes it addresses, Rule 120-2-3-.18 describes proper accounting for money, reporting to principals, and paying the commissioner fees or administrative fines. It is not professional liability or E&O insurance for all brokerage advice.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
Have these ready
- Identify the exact insurance license class and resident status.
- Obtain the current commissioner bond request and form.
- Confirm whether this broadly named offering fits that class.
- Review continuity, replacement, and release before submitting security.
Questions about this bond
Does every Georgia insurance broker require $50,000?
The cited rule assigns $50,000 to resident surplus lines brokers. It does not establish that amount for every person using the word broker.
Is a broker bond the same as E&O insurance?
No. The rule addresses accounting, reporting and specified payments. Professional liability coverage serves a different purpose.
Is the five-year release language a five-year purchase term?
No. It is a release condition in the rule for covered licenses. Confirm the accepted bond and provider contract separately.
Does this page certify the product as a surplus lines offering?
No. The broad reconciled identity is retained. Match the actual license request and provider form before purchase.