Nevada managing general agent bonds.
$500 flat.
A Nevada managing general agent must maintain a $50,000 bond under NAC 683A.460 (and may carry errors-and-omissions coverage as well). Ours is $500 flat — set by our carrier's rate book for this bond, the same for every MGA. No credit check, and most approve instantly.
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How much does a Nevada managing general agent bond cost?
$500 at the $50,000 amount, the same for every applicant.
Three steps to licensed.
Your MGA license is waiting on this bond. Here's the entire process:
Apply once, online
Business details, owner information, effective date.
Approved
Approved as soon as you apply. There is no underwriting queue.
E-sign & file with the Division of Insurance
Pay online and receive the executed bond, ready to file with your MGA license application or renewal. Wet-ink originals mailed whenever the state insists.
What it is and who needs it.
What the bond actually guarantees
A managing general agent (MGA) underwrites and administers insurance business on behalf of an insurer, with authority that goes well beyond an ordinary producer. Nevada licenses MGAs under NRS Chapter 683A, and NAC 683A.460 requires an MGA to maintain a $50,000 bond and may also carry errors-and-omissions coverage.
The bond is a guarantee of lawful, honest conduct: it stands behind the MGA's compliance with Nevada insurance law and protects parties harmed by an MGA's fraudulent or dishonest acts. Because an MGA handles binding authority, claims, and funds for the insurer it represents, the state wants a financial backstop in place.
It is not insurance for you — if the surety pays a claim, you repay the surety. An MGA must also be licensed as a producer to represent an insurer in Nevada. The bond must stay in force for as long as you operate as an MGA.
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 $50,000 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
E-sign & file with the Division of Insurance. Pay online and receive the executed bond, ready to file with your MGA license application or renewal. Wet-ink originals mailed whenever the state insists.
What sets the price
The premium is fixed at $500 at the $50,000 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 underwriting fields. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Nevada bonds.
The same bond in nearby states.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
The Division of Insurance is waiting on one document.
$500 flat, no credit check, bond issued when you pay. Free until issued.