Posts Tagged ‘washington surety bond’

New Washington Surety Bond requirement

Thursday, June 25th, 2009

The  New Washington  insurance producers bond amount  is based on a sliding scale.

The minimum surety bond amount will be $25,000 or 5% of your total premium up to 100,00 whichever amount is greater. This goes into effect July 1, 2009.

If you are an insurance producer that writes directly or indirectly and you are not appointed with that company you must obtain the bond.  If you have not obtained your bond it’s a good time to start now before it is to late. The Insurance agent is responsible for the correct bond amount the bond form has a aggregate limit and a 30 day cancellation clause in it. We can help you with your Washington insurance producer license bond  so apply today