ME managing general agent bonds.
$3,000. Five minutes.
A managing general agent who underwrites and administers business for an insurer must file a $100,000 bond with the Maine Bureau of Insurance, on the Bureau’s MGA bond form. Ours is $3,000 flat, which is 3% of the bond amount — and license bonds like this are the fastest thing we issue.
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Three steps. One sitting.
License bonds are the simplest thing in surety. Here’s the entire process:
Apply online
Business details and an effective date. That’s the application — no financials, no credit check section, no follow-up scavenger hunt.
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.
File with the Bureau of Insurance
Your executed bond arrives on the Bureau’s MGA bond form, ready to file with your registration. Wet-ink original mailed on request.
The whole pricing page.
$100,000 bond × 3% = $3,000, one-time per term. Fixed amount, fixed price, multi-year if you want it.
What it is and who needs it.
What the bond actually guarantees
A managing general agent (MGA) is a specialized intermediary an insurer authorizes to underwrite, bind, issue, and sometimes administer claims on its behalf — effectively running a book of business as the insurer’s outsourced underwriting arm. Maine’s Bureau of Insurance registers MGAs under Title 24-A and requires a bond standing behind that authority.
The bond is a $100,000 guarantee filed on the Bureau’s MGA bond form, for the benefit of the insurers the MGA represents and the public. It backs the MGA’s faithful performance and proper handling of premiums and funds. The bond runs concurrently with the current license period and any renewals, and may be cancelled only on 30 days’ written notice to the principal and the Superintendent of Insurance.
It is a three-party guarantee, not insurance for you: if the surety pays a claim, you repay the surety. MGA registrations renew on a set schedule (renewals are due June 1), and the bond must stay active the whole time — we track it and notify you 60 and 30 days out.
You need this bond if you are
Five minutes. The whole thing.
These are the actual issuing fields — no credit check section, because this bond doesn’t have one. We issue on the Bureau of Insurance MGA bond form.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Maine managing general agent bond? +
Do I pay the $100,000? +
Which bond form does Maine use? +
Is there a credit check? +
When does it renew? +
Other New York bonds.
Finish your MGA registration today.
$3,000 flat, five-minute application, bond often issued in the same sitting. Free until issued.