IL insurance producer bonds.
From $100. Enter your amount.
When an Illinois insurance producer or business entity handles client premiums and must post a fiduciary bond, the amount is $2,500 or 5% of the premiums you brokered last year, whichever is greater, capped at $50,000. Pricing is 1% of the bond amount, $100 minimum; a quick soft credit check may apply — never a hard inquiry, no impact on your score.
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Apply to filed in one sitting.
A quick soft credit check may apply for the standard producer bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your business details, the bond amount your premiums require, and the effective date — that is the entire application.
Issued on the spot
Most applications approve instantly — the executed bond is generated as soon as you pay. A quick soft credit check never affects your score. Larger amounts may get a quick review.
File with the Department of Insurance
Submit the executed bond where the Department of Insurance directs for your producer or business entity license. Wet-ink originals mailed whenever the state insists.
What it is and who needs it.
What the producer bond actually covers
Illinois licenses insurance producers under the Insurance Code (215 ILCS 5). When a producer or business entity holds client premium money in a fiduciary capacity — including surplus line producers — Section 500-130 conditions the license on a continuous bond standing behind those funds.
The bond is conditioned on full accounting and due payment of premium funds that come into the producer's hands. If a producer collects a premium and fails to remit it to the company or person entitled to it, the harmed party can recover against the bond.
The amount is $2,500 or 5% of the premiums you brokered in the prior calendar year, whichever is greater, capped at $50,000. A business entity can satisfy the requirement with a bond in the entity's name. Enter your figure — the premium is 1% of that amount, $100 minimum, and a quick soft credit check may apply.
You need this bond if you are
One application, issued on the spot.
Submit the application with your required bond amount — the executed producer bond is generated instantly, ready to file.
Start the application →Common questions.
Other Illinois bonds.
Producer bond, issued today.
Pricing from $100. Enter your required amount and file the same day.