ME surplus lines producer bonds.
$600. Five minutes.
Maine requires every applicant for surplus lines authority to file a $20,000 bond with the Bureau of Insurance under 24-A M.R.S. §2020. Ours is $600 flat — 3% of the bond amount, same for everyone. The application is five minutes, with no credit check on this bond.
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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.
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 and power of attorney arrive by email, ready to file with your surplus lines authority application. Wet-ink original mailed on request.
The whole pricing page.
$20,000 bond × 3% = $600, 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 surplus lines producer places coverage with non-admitted insurers when the standard market can't write a risk. Maine conditions surplus lines authority on a $20,000 surety bond under 24-A M.R.S. §2020, filed with the Bureau of Insurance.
The bond is a fiduciary guarantee: it is conditioned on full accounting and due payment to the person entitled to it of funds coming into the producer's possession through insurance transactions under the license. The aggregate liability is at least $20,000.
It is not insurance for you — if the surety pays a valid claim, you repay the surety. The bond must stay in force until released by the superintendent or canceled by the surety on 30 days' notice, so we track it and notify you well ahead of expiration.
You need this bond if you're
Five minutes. The whole thing.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Maine surplus lines producer bond? +
Do I pay the $20,000? +
What does the bond guarantee? +
Is there a credit check? +
When does it renew? +
Other New York bonds.
Finish your surplus lines checklist today.
$600 flat, five-minute application, bond often issued in the same sitting. Free until issued.