SC insurance broker bonds.
$100 flat.

South Carolina requires every resident insurance broker to file a fixed $10,000 bond with the Department of Insurance before licensure — ours is $100 flat, set by our carrier's rate book for this bond. The bond issues the moment you pay — no credit review of any kind, not even a soft pull.

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Required for your SC resident insurance broker license — new applicants and renewals

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Fixed price, fixed amount — $10,000 bond, $100, no quote process

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Multi-year terms available — set it up once, forget it for up to 3 years

A-ratedA.M. Best carriersInstantunderwriting process1–3 yrterms available

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How it works

Three steps. One sitting.

License bonds are the simplest thing in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details, your NPN, and an effective date. That's the application — no financials, no credit section, no follow-up scavenger hunt.

MINUTES, USUALLY

Pay & e-sign

License bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

File with the Department of Insurance

Your executed bond and power of attorney arrive by email, ready to file with your broker license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

An insurance broker bond is a policyholder-protection guarantee. A South Carolina broker places coverage for clients who can't get it from a licensed insurer in the ordinary market — the state wants a financial backstop that you'll handle their business and their premiums honestly.

It's a three-party arrangement: you (the principal), the surety carrier, and the State of South Carolina (the obligee), with your insureds as the protected parties. The bond is conditioned to pay a person insured or seeking insurance through the broker who sustains loss from the broker's violation of insurance law.

The bond must stay active for the life of your license. The statute also lets a broker post qualifying certificates of deposit in lieu of the bond — but a $100 surety bond is far cheaper than tying up $10,000 in cash. We track the term and notify you 60 and 30 days out.

S.C. Code § 38-45-20S.C. Code Ann. § 38-45-20 requires a resident applicant for an insurance broker license to file a $10,000 surety bond with the Department of Insurance, in a form approved by the Attorney General and in favor of South Carolina, executed by a corporate surety and countersigned by a licensed resident agent. The bond is conditioned to pay a person insured or seeking insurance through the broker who sustains loss from the broker's violation of insurance law. A broker may post qualifying certificates of deposit instead — confirm your filing on your application.

You need this bond if you're

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Applying for an SC resident insurance broker license — the bond is filed with your application

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Renewing your broker license and your bond is expiring or your surety non-renewed

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Moving into surplus lines or excess brokerage that the Department licenses as broker activity

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Replacing a CD on file with a cheaper surety bond to free up your cash

One application, issued instantly.

These are the actual issuing fields — the application collects no credit information, because this bond doesn't need it.

Start the application →

FAQ

Common questions.

How much is the South Carolina insurance broker bond?The premium is $100 flat, the same for every broker — the price you see is the checkout price. The $10,000 bond amount is set by statute, so there is no quote process.

Do I pay the $10,000?No. You pay $100. The $10,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

How fast will I have the bond?License bonds like this are among the thousands of bond types that issue right after purchase — many brokers finish the application and have the bond in the same sitting. At most, 1–2 business days.

Can I file a CD instead of a bond?The statute does allow qualifying certificates of deposit in lieu of the bond. But that ties up $10,000 in cash — most brokers post the $100 surety bond instead and keep their capital working.

Is there a credit check?The application collects no credit information at all. Most applications approve instantly; if a check ever runs on a bond like this, it's a soft pull that won't touch your score.

Related bonds

Other South Carolina bonds.

Finish your license checklist today.

$100 flat, no credit review, bond often issued in the same sitting. Free until issued.

Start application

Your price$100

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