The Ohio Department of Insurance asks a reinsurance intermediary to file a $50,000 bond (alongside errors-and-omissions coverage) to get licensed. The premium is a fixed $500 — the price you see at checkout. License bonds like this issue instantly.
















License bonds are the simplest thing in surety. Here's the entire process:
Business details and an effective date. That's the application — no credit section, no financials scavenger hunt.
License bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond and power of attorney arrive by email, ready to file with the Ohio Department of Insurance. Wet-ink original mailed on request.
Ohio licenses reinsurance intermediaries — both intermediary-brokers and intermediary-managers — through the Department of Insurance under the reinsurance intermediary provisions of ORC Chapter 3905 and the superintendent's rules. A reinsurance intermediary-manager has authority to bind or manage a reinsurer's assumed reinsurance business, which is exactly why the state wants a financial backstop.
As part of licensing, the Department asks for a $50,000 surety bond for the protection of the reinsurer the intermediary serves, together with errors-and-omissions coverage. The bond is a three-party arrangement: you (the principal), the surety, and the reinsurer / Department as the protected parties.
The bond must stay active for the life of your license. Let it lapse and your license is at risk — so we track it and notify you 60 and 30 days out, keeping your $50,000 filing continuous. If the surety pays a claim, you repay the surety.
These are the actual issuing fields — the application collects no credit information.
Start the application →$500, no credit review, bond often issued in the same sitting.