Besides the licensing process for Georgia insurance counselors, a Georgia insurance counselor must furnish the Office of Insurance and Safety Fire Commissioner-Agent Licensing with evidence of having obtained a $5,000 surety bond.
AmeriPro Surety Bonds offers this bond as both a new and renewal surety bond.
The $5000 Georgia insurance counselor bond is an “instant issue” surety bond which costs just $100.
By ‘instant issue’ is meant that unlike a lot of other surety bonds, this surety bond has no underwriting and no credit check involved in its purchase.
After completion of an application and payment of the just $100 annual fee, the bond is issued to you immediately and sent to you by the same or following business day.
Only an original bond may be filed with the Commissioner; copies and emailed printouts are not acceptable.
Once issued, the insurance counselor bond is active one year from the date of its issuance.
In addition to keeping current on your licensing registration, an active surety bond must be present at all times with the department as a condition of your continued licensing.
The purpose of the Georgia insurance counselor bond is to server as a financial guarantee that insurance counselors will comply with all statutes and regulations related to the performance of their professional duties.
This specifically refers to Official Code of Georgia Annotated §33-23-7 which refers to the bond requirement.
The bond also protects the residents of Georgia from any acts of theft, fraud, or criminal malfeasance committed by a licensed insurance counselor in connection with their duties.
As owner of the insurance counselor bond, you will ultimately be responsible for any claims paid against your bond.
This is to say that you would be required to reimburse the surety for all costs and fees paid by them in the resolution of any claim against you.
AmeriPro Surety Bonds is a surety bonds-only agency which provides surety bond throughout Georgia and nationwide.
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