Idaho managing general agent bonds.
From $100.
Idaho requires a managing general agent (MGA) to maintain a surety bond with the Department of Insurance — $5,000 or 10% of the funds handled in the prior year, whichever is greater. Pricing is 1% of the bond amount, $100 minimum — see your exact price in the on-page calculator.
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How much does an Idaho managing general agent bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard MGA bond — enter your amount, pay, and file with the Department of Insurance. Here is the whole thing:
Apply online
Your business details, the bond amount your prior-year funds require, and the effective date — that is the application.
Issued on the spot
No credit check up to $50,000. Above $50,000, a soft pull may add a short review.
File with the Department of Insurance
Submit the executed bond with your MGA appointment paperwork. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the MGA bond actually covers
A managing general agent is a person or firm that manages all or part of an insurer's business in Idaho — including binding or placing business and handling premium funds. Idaho regulates MGAs under Title 41, Chapter 15, and the Department of Insurance conditions the arrangement on a surety bond for the insurer's protection.
The bond amount is the greater of $5,000 or 10% of the total funds the MGA handled in the preceding year, so it scales with the size of your book. (MGAs also typically hold a property-and-casualty producer license and carry errors-and-omissions coverage — separate requirements from this bond.)
The bond stands behind your honest handling of the insurer's funds and your compliance with the MGA statute. If the surety pays a valid claim, you repay the surety — it is not insurance for you. Enter your required amount and see your price at the application, from $100.
You need this bond if you are
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 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.
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
File with the Department of Insurance. Submit the executed bond with your MGA appointment paperwork. Wet-ink originals mailed whenever the Department insists.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $50,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with your required bond amount — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
Other Idaho bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
MGA bond, issued today.
Pricing from $100. Enter your required amount and file the same day.