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.
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
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.
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...