Florida Insurance Premium Finance Company Bond
We write $35,000 Insurance Premium Finance Company Bonds in Florida.
Our GOOD CREDIT price Varies.
Florida Insurance Premium Finance Company Surety Bonds are required by the Office of Insurance Regulation. The required bond amount is $35,000.00.
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.