Insurance Agent / Broker Bond,

	License and permit bonds are issued to the person who engage in particular business in order to obtain a license or permit.

	MVD bond guarantees compliance to the obligee against the default act of the dealer.

	The interstate commerce commission issues the interstate commerce commission bond in order to meet the requirements legally.

	Sales tax bond is imposed by the state and federal government regarding the payment of tax.

	Utility bonds are issued to perform the public utility service as per the ordinance of the state government.

	Mortgage broker bond guarantees the performance of the broker under the license broker code.

	Contactor license bond guarantee that the contractor will comply with the statutes and license of the state.

	Court bonds are issued to the fiduciary to perform his duty as per the court order.

	Surety bond is a guaranteed bond issued by the principal to the obligee regarding his guaranteed performance.

	Fidelity bonds are issued to protect the employers from the dishonest or negligent act of the employees.

	A bond issued in the U.S. and U.K. with a rate of return dependent upon a lottery style payout.

	Payment bond guarantees the subcontractor regarding the payment from the principal for the material and labor furnished.

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Insurance Agent / Broker Bond

The insurance broker agent bond is a type of surety bond offered by the bonding company. This bond guarantees that the insurance agent or the broker will be accountable for the insurance premiums paid to the company by the customer. The insurance agent or the broker has to procure a license from the department of broker-agent licenses to act as an insurance agent. After getting an appropriate license from the department he/she can act as an agent and collect insurance premium from the customer. Before obtaining a license the individual or the company has to enter in to a bond called insurance agent-broker bond. This bond gives guarantee and protect against dishonesty. He is an independent insurance sales person who searches the market in the interests of clients and may place coverage with any insurance company. The person holding the Broker-Agent license can either act as a broker or an agent.

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Surety Bonds by State. If you don't see the surety bond you need don't worry. We have the bond type your looking for, please contact us and we will e-mail or fax it to you.

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