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Louisiana surplus lines insurer bonds ($250,000).
$2,500 flat.
The largest of the three standard Louisiana surplus lines insurer filings — $250,000 of security pledged to the Commissioner of Insurance in place of cash and government bonds on deposit. Ours is $2,500 flat, identical for every carrier at this level, and the price you see is the checkout price. A soft credit pull may run; never a hard inquiry.
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Three steps to filed.
One application carries both the bond request and the underwriting answers. Here’s the whole process:
Apply once, online
Company details, parish, NAIC number, years in business, and the commercial questionnaire — prior surety history, outstanding judgments or liens, any prior decline, and the liability and property coverage you carry. One consent to a soft credit pull sits at the end.
Pay & e-sign
Most of these clear straight through and the bond generates the moment you pay. At the largest penal sum an underwriter may look at the file the same day; the price does not move either way.
File with the Department of Insurance
The executed bond and power of attorney arrive by email, ready for your Department of Insurance file. The Department wants the original on its own form, so we mail the wet-ink copy on request.
What it is and who needs it.
What the $250,000 filing covers
Louisiana lets a carrier meet an insurer security requirement with money or with a surety. The deposit route puts cash, certificates of deposit, or approved bonds of the United States, the State of Louisiana, or one of its political subdivisions into the Commissioner’s hands. The surety route delivers a bond from an authorized surety in lieu of that deposit. Both guarantee the same thing — the carrier’s obligations to Louisiana policyholders — and only one of them freezes a quarter of a million dollars of your balance sheet.
The Department of Insurance names the amount, filing by filing. Louisiana’s surplus lines provisions have long carried $100,000 as the deposit alternative for an approved unauthorized insurer, and Louisiana fixes $150,000 for certain specialty insurer licenses. $250,000 is the largest of the three standard levels we write. We do not guess at which one applies to you — read it off your Department correspondence, and we issue the bond that matches.
Whatever the level, the security behaves the same way. It stays pledged to the Commissioner, unimpaired and unencumbered, while Louisiana policies remain in force. A bond cannot be cancelled unless a substitute bond or deposit has been put in its place, or the Commissioner is satisfied the insurer has discharged every obligation and liability it owes in this state, and withdrawal requires the Commissioner’s approval. The Department also expects the original bond on its own form, with the cancellation notice it prescribes, and evidence each year that the bond remains in force.
The security sits on top of the eligibility tests, never instead of them: R.S. 22:435 sets the capital and surplus a foreign or alien insurer must show, and R.S. 22:436 governs the approved-unauthorized-insurer list and its annual filings. The bond is not insurance for the carrier — if the surety pays a claim, the carrier repays the surety.
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 $250,000 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 of Insurance. The executed bond and power of attorney arrive by email, ready for your Department of Insurance file. The Department wants the original on its own form, so we mail the wet-ink copy on request.
What sets the price
The premium is fixed at $2,500 at the $250,000 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: approved instantly, or after a quick credit check.
These are the actual underwriting fields, including the commercial questionnaire and a one-time consent to a soft credit pull. Submit once — the bond generates on payment.
Start the application →Common questions.
Other Louisiana bonds.
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Price and requirements checked on the carrier’s application, . Page updated .
File the $250,000 security today.
$2,500 flat, one short application, soft pull only. Free until issued.