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New Jersey non-resident broker bonds.
From $100.
An out-of-state insurance broker getting licensed to place business in New Jersey may be required to file a bond with the Department of Banking & Insurance. The broker bond coverage is commonly $10,000 — pricing starts from $100, and most applicants qualify at or near that minimum; enter the amount your filing requires.
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Three steps. One sitting.
No underwriting queue for the standard broker bond — enter your amount, pay, and file with Banking & Insurance. Here is the whole thing:
Apply online
Your details, the bond amount your filing requires, and the effective date — that is the entire application.
Issued on the spot
Most applications are approved instantly at checkout — the application collects no credit information. Larger amounts may get a quick review.
File with Banking & Insurance
Submit the executed bond with your producer license filing. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the broker bond actually covers
New Jersey licenses insurance producers — agents and brokers — under the Insurance Producer Licensing Act of 2001 (N.J.S.A. 17:22A-26 et seq.), administered by the Department of Banking & Insurance. A producer acting in a broker capacity, especially a non-resident, may be required to file a surety bond as part of qualifying to place New Jersey business.
The bond is a compliance-and-accountability guarantee. It stands behind your obligation to handle premiums and client funds properly and to follow New Jersey producer law. If a broker mishandles money or violates the Act and a client or insurer is harmed, the harmed party can recover against the bond.
The broker bond is commonly $10,000, but the exact requirement and amount depend on your license type and filing — so confirm it with Banking & Insurance. Whatever amount applies, pricing starts from $100 and the application collects no credit information. It is not insurance for you: if the surety pays, you repay the surety.
You need this bond if you are
One application, issued on the spot.
Submit the application with the bond amount your filing requires — the executed broker bond is generated instantly, ready to file.
Start the application →Common questions.
Other New Jersey bonds.
Broker bond, issued today.
Pricing from $100. Enter your amount and file with Banking & Insurance the same day.