Washington Insurance Broker's License Surety Bond
The State of Washington Office of the Insurance Commissioner requires that Resident Insurance Producers acting in the capacity of a Broker to secure and provide a Surety Bond as part of granting the license. The Surety Bond requirement is for a minimum bond of $2,500.00 or 5% of the premium for policies placed with an insurer they are not appointed with in the previous calendar year, whichever is greater. The maximum bond amount required it $100,000.00.
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