Arkansas managing general agent bonds.
$1,000 flat.
Arkansas requires every licensed managing general agent to file a $100,000 bond with the Insurance Department under the Managing General Agents Act. Ours is $1,000 flat — set by our carrier’s rate book for this bond, identical for every MGA. One soft credit pull; the bond is issued when you pay.
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How much does an Arkansas managing general agent bond cost?
$1,000 at the $100,000 amount, the same for every applicant.
Three steps to filed.
Your MGA license is waiting on this bond. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, effective date. That is the application — the only extra step is a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
E-sign & file with the Insurance Department
Pay online and receive the executed bond on form AID-LI-MGA43, ready to file with your managing general agent license. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the bond actually guarantees
A managing general agent acts for an insurer — binding coverage, adjusting claims, or managing a book of business — and Arkansas licenses MGAs through the Insurance Department under the Managing General Agents Act. The license is conditioned on a $100,000 surety bond, filed on form AID-LI-MGA43.
The bond runs in favor of the State of Arkansas for the benefit of insurers and the public. If an MGA mishandles premium or claim funds, or otherwise violates the laws governing MGAs, a harmed party can recover against the bond up to the $100,000 penal sum.
It is not insurance for you — if the surety pays a claim, you repay the surety. MGAs who handle funds properly and keep current with the Insurance Department treat the bond as a licensing formality, not a risk.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $100,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
E-sign & file with the Insurance Department. Pay online and receive the executed bond on form AID-LI-MGA43, ready to file with your managing general agent license. Wet-ink originals mailed whenever the Department insists.
What sets the price
The premium is fixed at $1,000 at the $100,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Arkansas bonds.
The same bond in nearby states.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
The Insurance Department is waiting on one document.
$1,000 flat, short application, bond issued when you pay. Free until issued.