Illinois surplus line producer bonds.
$200 flat.
Illinois conditions a surplus line producer’s license on a $20,000 surety bond delivered to the Director of Insurance — security for the surplus line tax you collect on business placed with non-admitted insurers. Ours is $200 flat, and the price you see is the checkout price. No credit check, and most applications approve instantly.
Trusted by industry leaders
How much does an Illinois surplus line producer bond cost?
$200 at the $20,000 amount, the same for every applicant.
Three steps. One sitting.
A license bond with a fixed penal sum and a fixed price is about the simplest thing in surety. Here is the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase. No credit check, and most applications approve instantly.
File with the Department
Your executed bond and power of attorney arrive by email, ready to deliver with your surplus line producer license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the surplus line producer bond actually guarantees
Surplus line is the market of last resort. When a risk cannot be placed with an insurer admitted in Illinois, a specially licensed producer may export it to a non-admitted (surplus line) insurer — after a diligent effort to place it in the admitted market, and with a notice to the policyholder that the insurer is not licensed here and not backed by the state guaranty fund. That license is separate from, and additional to, an ordinary insurance producer license.
It also comes with a tax bill. A surplus line producer collects the surplus line tax on the premium it exports, files reports with the Director of Insurance, and remits the tax along with the Fire Marshal tax. Because the producer is holding public money it collected from a client, the license is conditioned on a $20,000 bond running to the People of the State of Illinois and delivered to the Director, historically written as security for the producer paying the tax, interest and penalties over.
Illinois also routes surplus line placements through the Surplus Line Association of Illinois, the stamping office that reviews and records exported business — so between the Association’s filings, the tax reports and the bond, the state can see the market and recover if a producer keeps money it collected. It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay in force while the license is live, so we track the expiry and notify you well ahead of renewal.
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 $20,000 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
File with the Department. Your executed bond and power of attorney arrive by email, ready to deliver with your surplus line producer license application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $200 at the $20,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Illinois bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish the surplus line license today.
$200 flat, no credit check, bond often issued in the same sitting. Free until issued.