Nevada reinsurance intermediary manager bonds.
$500 flat.
Nevada will not license a manager for reinsurance until a surety bond is on file with the Commissioner of Insurance. NRS 681A.420(5) requires it, and NAC 681A.080 sets the bond at not less than $50,000 for each reinsurer you represent. Ours is $500 flat for a term, per reinsurer.
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How much does a Nevada reinsurance intermediary manager bond cost?
$500 at the $50,000 amount, the same for every applicant.
From license application to bond on file.
The Division of Insurance takes the bond with your paper license application, so the bond has to be ready first. Here is the whole process:
Send us the file
Apply online with your entity type, business address, owner and contact details, and the effective date. No credit check. If you manage for more than one reinsurer, Nevada requires a separate bond for each.
Pay & e-sign
The bond issues right after purchase, at $500 flat for the term. No obligation until you pay.
File with the Division of Insurance
Once you pay, the executed bond and power of attorney arrive by email, ready to submit with your application to the Division’s Carson City office. Wet-ink originals mailed on request.
What it is and who needs it.
What the reinsurance manager bond actually guarantees
Nevada regulates reinsurance intermediaries under NRS 681A.250 to 681A.580, and the Commissioner issues two classes of license: intermediary broker for reinsurance and intermediary manager for reinsurance (NAC 681A.050). A manager is, in the words of NRS 681A.350, a person with “authority to bind or manage all or part of the assumed reinsurance of a reinsurer” who acts as the reinsurer’s agent — including the manager of a separate division, department or underwriting office.
Because a manager commits a reinsurer’s capital, NRS 681A.420(5) requires every manager to file a bond “in an amount that is acceptable to the Commissioner for the protection of the reinsurer,” and to carry errors-and-omissions coverage. NAC 681A.080 fills in the detail: one bond for each reinsurer represented, continuous in form, issued by a surety authorized in Nevada, in an amount the Commissioner determines of not less than $50,000. The bond must inure to the benefit of the reinsurer for damage caused by any fraudulent act or conduct of the manager.
Since the 2021 amendment, the bond must also comply with NRS 679B.175, the general bond statute for Division of Insurance licensees. That makes it payable to the State of Nevada, conditioned on the manager’s honest compliance with Nevada insurance law, and in force until the Commissioner releases it or the surety cancels it on advance written notice. If a bond is cancelled and no replacement is on file, the manager’s license is suspended or revoked — so the bond has to stay in force for as long as you manage for that reinsurer.
It is not insurance for you. The separate errors-and-omissions policy — at least $1,000,000 under NAC 681A.090 — covers your mistakes. The bond protects the reinsurer and the State, and if the surety pays a valid claim, you repay the surety.
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 $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 term is set on the carrier’s application; the premium covers the period shown there.
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 Division of Insurance. Once you pay, the executed bond and power of attorney arrive by email, ready to submit with your application to the Division’s Carson City office. Wet-ink originals mailed on request.
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 fast.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Nevada bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, .
Get your reinsurance manager license filed.
Tell us which reinsurer the bond protects — $500 flat, per reinsurer, no credit check, bond often issued in the same sitting. Free until issued.