Wyoming Surplus Lines Broker Bond
AmeriPro Surety Bonds | 844-589-9732
Wyoming Surplus Lines Licensing
Wyoming surplus lines brokers are licensed and regulated by the state’s Department of Insurance.
Wyoming resident individuals and Wyoming resident firms are both required to obtain a $10,000 surety bond as a condition of licensing with the state.
Qualifying and the Premium
Both Wyoming resident firms and individuals are automatically approved for the $10,000 Wyoming surplus lines broker bond. The premium is just $100 annually.
When you call us, there’s not even so much as an application as such; rather, we’ll just ask you the following information: Your name or business name, exactly as it should appear on your surety bond.
We’ll also need your address, email and phone number.
After payment of the $100 premium, our agency issues your bond to you immediately. We’ll have the bond notarized as Surety; upon receipt in the mail, you’ll have your bond notarized as Principal.
The address to file all completed documents of your bond is to:
State of Wyoming
Wyoming Insurance Department
Cheyenne, WY 82002
Premium Prepayment Options
The Wyoming surplus lines broker license is issued by the state for a two year term. Your surety bond has a standard one year period; the bond renews annually.
You may prepay your surplus lines broker bond premium for 2 years, at $180, a $20 savings. Or, you may prepay for 3 years at a $240 premium, a $60 savings.
Payment of your bond to match your licensing term, a 2 year period, $180 premium, is likely the best option; however, it is entirely your decision to make.
Purpose Of Your Surety Bond Requirement
Your Wyoming surplus lines broker bond is a financial guarantee of your compliance with Wyoming Statutes § 26-11-114, as amended; and that, you will remit all taxes owed to the state in connection with your duties as a licensed broker.
AmeriPro Surety Bonds provides surplus lines broker surety bonds nationwide. We are also a provider of license and permit, court, and probate surety bonds in Wyoming and all 50 states.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…