Rhode Island Surplus Line Broker Bond
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The Rhode Island Surplus Line Broker Bond requirement was repealed effective June 30th 2022.
The Rhode Island Department of Business Regulation no longer enforces this bond requirement. Effective June 30, 2022, Rhode Island General Laws 27-3-39, which previously required Rhode Island residents to file a "Bond of Surplus Line Broker," was repealed.
The Insurance Division of the Rhode Island Department of Business Regulation previously required surplus line brokers to file a $25,000 surety bond as part of the state's licensing process. You no longer need to purchase and file a surety bond to be licensed as a surplus line broker in Rhode Island.
SuretyBonds.com offers other Rhode Island surety bonds for various licensing requirements enforced across the state. If you work as a surplus line broker in other states, we also offer surplus lines broker bonds nationwide.
How do I get a surplus lines broker license in Rhode Island?
You'll need to do the following to apply for your Rhode Island surplus lines broker license.
- Provide proof of your active Property and Causality Insurance Producer license.
- Complete your electronic application with NIPR.
- Pay your $100 license fee.
Have Questions?
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