Delaware Insurance Broker Bond
AmeriPro Surety Bonds | 844-589-9732
Delaware Licensing Surety Bond
The $5000 Delaware insurance bond is required of brokers operating in the state. The bond is continuous in nature. This means that for as long as you are licensed an active surety bond must be on file with the Insurance Department.
Qualifying and the Premium
All applicants, new or renewal, for the $5000 Delaware insurance broker bond are automatically approved. There is no credit check and this surety bond is issued to you within minutes of calling our agency.
When you speak with us, we’ll just ask you the basics:
The name, exactly as you’d like to appear on your bond, along with your contact information. Besides your address, this will also include your email address and phone number.
After payment of the annual $100 premium, your insurance broker bond is issued to you immediately and sent to you for filing.
Upon receipt of your surety bond, you’ll sign it as Principal, filing it to:
State of Delaware
Department of Insurance
21 The Green
Dover, DE 19901
Premium Payment Options
Your insurance broker bond being continuous in nature, it will renew on the anniversary of its issuance.
Our agency also offers you the option to prepay your bond’s premium, which will save you over renewing annually.
The premium prepayment options and savings are:
- Prepaid for 2 years at $180, a $20 savings;
- Prepaid for 3 years at $260, a $40 savings.
Purpose of Your Surety Bond Requirement
This surety bond is required pursuant to Chapter 424, Paragraph 1722(a) of the Insurance Department’s legislation. Your bond is a financial guarantee of your full accounting and payment of any funds that you receive from clients in connections with transactions as an insurance broker.
AmeriPro Surety Bonds is a surety bonds-only agency which provides insurance broker surety bonds wherever required nationwide.
Our agency is also an online aggregator of license and permit, court, and probate surety bonds nationwide.
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