Unless all of the insurance companies that you are contracted with are assuming financial responsibility for the funds you handle, you will need to maintain a surety bond payable to the People of Illinois and file a completed Insurance Producer/Business Entity Bond (IL446-0152B) with the Department of Insurance. The minimum bond amount is $2,500 or 5% of premiums brokered in the past year with a maximum of $50,000.
GettinG Started
Questions Before You Begin?
If you still have questions, please contact us so we can help.