ME insurance consultant bonds.
From $100. Enter your amount.

Every applicant for a Maine insurance consultant’s license must file and maintain a bond under 24-A M.R.S. §1464, providing aggregate liability of $20,000. The premium is 1% of the bond amount, $100 minimum — enter the amount your license requires and your exact price appears at application.

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Required for a Maine insurance consultant’s license under 24-A M.R.S. §1464

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Statutory $20,000 aggregate liability — confirm your exact figure with the Bureau

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1% of the bond amount, $100 minimum — enter your required amount and the premium updates

1% of amount$100 minimumNo credit reviewnot even a soft pullFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

No underwriting queue for the standard consultant bond — enter your amount, pay, and file with the Bureau. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount your license requires, and the effective date — that is the entire application.

INSTANTLY

Issued on the spot

Most applicants are approved and issued instantly. If a check runs, it is a soft pull that never affects your credit score. Larger amounts may get a quick review.

SAME DAY

File with the Bureau of Insurance

Submit the executed bond with your consultant license application or renewal. Wet-ink originals mailed whenever the Bureau insists.

About this bond

What it is and who needs it.

What the consultant bond actually guarantees

A Maine insurance consultant is licensed to advise clients — for a fee, separate from selling a policy — on the benefits, terms, or coverage of their insurance. Because consultants are paid for advice that clients rely on, the Bureau of Insurance conditions the license on a bond.

Under 24-A M.R.S. §1464, every applicant must file with the license application, and maintain while licensed, a bond from an authorized surety continuous in form and providing aggregate liability of $20,000. It stands behind the consultant’s faithful, lawful conduct for the protection of clients and the public.

It is a three-party guarantee, not insurance for you: if a consultant violates the insurance code and a client is harmed, they can recover against the bond — and if the surety pays, you repay the surety. The bond must stay continuous for the life of the license; we track it and notify you 60 and 30 days out.

24-A M.R.S. §1464 (Consultant’s bond)Under 24-A M.R.S. §1464, every applicant for an insurance consultant’s license must file with the application — and maintain in effect while licensed — a bond from an authorized surety, continuous in form, providing aggregate liability of $20,000. The Propeller application field is open-ended; the statutory figure is $20,000. Confirm your exact required amount with the Maine Bureau of Insurance before filing.

You need this bond if you are

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Applying for a Maine insurance consultant’s license through the Bureau of Insurance

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Renewing a consultant license with a bond expiring or non-renewing

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An adviser charging fees for insurance advice separate from selling policies

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An out-of-state consultant getting licensed to advise Maine clients

One application, issued on the spot.

Submit the application with the bond amount your license requires — the executed bond is generated instantly, ready to file with the Bureau.

Start the application →

FAQ

Common questions.

How much is the Maine insurance consultant bond?The premium is 1% of the bond amount, $100 minimum. The statute (24-A M.R.S. §1464) sets a $20,000 aggregate. Enter your exact figure and apply to see your exact price.

What amount should I enter?The statutory figure is $20,000 aggregate liability. The application field is open-ended, so enter the amount the Bureau of Insurance lists for your license — it’s $20,000 unless they tell you otherwise. Send us your application and we’ll confirm.

What does the bond guarantee?That you advise clients honestly and follow the Maine insurance code. If you violate it and a client is harmed, they can recover against the bond — and if the surety pays, you repay the surety. It is not insurance for you.

Is there a credit check?The application collects no credit information, and most applications approve instantly. If a check does run on a larger bond amount, it is a soft pull only — it never affects your credit score.

When does it renew?The bond is continuous in form and must stay in effect for as long as you hold the consultant license. We send renewal notices 60 and 30 days out, with autopay available, so your license never lapses over a missed email.

Related bonds

Other Maine bonds.

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ME insurance consultant bonds.From $100. Enter your amount.