Louisiana - Surplus Lines Insurer ($150,000) — required surety bond in Louisiana. Apply online in minutes.
A Louisiana Surplus Lines Insurer Bond is a specialized financial guarantee required by the state for companies providing non-admitted insurance coverage. It guarantees that the insurer operates ethically and faithfully remits all required taxes and fees to the state. If the insurer fails to fulfill these obligations, the bond provides a mechanism for the state to recover financial losses.
This bond is typically required for insurance companies, agencies, or brokers seeking authorization to operate within the surplus lines insurance market in Louisiana. Entities that place insurance coverage for risks that standard, state-licensed carriers will not cover must secure this bond to maintain active licensing.
The state requires this bond to protect public funds and ensure compliance with local insurance regulations. It serves as a financial safeguard for the obligee, guaranteeing that the surplus lines insurer will properly collect and pay necessary premium taxes rather than defrauding the state or consumers.
To get your bond, simply click Apply Now to complete a ~5 minute secure online application. Once approved, your bond is delivered by email so you can quickly file it with the state. For assistance at any point, contact Noah Insurance Agency nationwide at 814-718-0060.
Premiums are determined by underwriters based on credit history, financial strength, and other factors. Because prices vary from applicant to applicant, please apply online with Noah Insurance Agency for an exact quote.
Required bond amounts vary based on the specific type of license and your business volume. You must verify your exact required bond amount directly with the issuing agency before securing your bond.
Approval times vary depending on the completeness of your application and individual underwriting criteria. Submit our secure online application to determine your specific approval timeline.
Statutes and legal requirements vary and can change over time. Please consult directly with the Louisiana Department of Insurance or your legal counsel to verify all current regulations and operational requirements.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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