New Hampshire managing general agent bonds.
From $100.
New Hampshire regulates managing general agents under RSA 402-E, through the Insurance Department. An MGA binds and administers insurance on an insurer's behalf, and the Department requires financial security to back that authority. Enter the amount required — pricing starts from $100, with a quick soft credit check that never affects your score.
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How much does a New Hampshire managing general agent bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Most MGA bonds clear quickly. Enter your amount, pay, and file with the Insurance Department. Here is the whole thing:
Apply online
Your company details, the bond amount the Department requires, and the effective date — plus a one-time consent to a soft credit pull. That is the application.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
File with the Insurance Department
Pay online and receive the executed bond, ready to file with your MGA license application. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the MGA bond actually covers
A managing general agent (MGA) is an agent given broad authority by an insurer — to bind coverage, administer business, adjust or pay claims, or appoint sub-agents. New Hampshire regulates MGAs under RSA 402-E, through the Insurance Department, which requires an MGA to have a written contract with the insurer and to meet the Department's licensing and financial-responsibility standards.
The bond is a guarantee of the MGA's faithful performance of its duties and compliance with RSA 402-E. If an MGA mishandles premium or claim funds, or violates the statute, the insurer or harmed parties can look to the bond — it stands behind the trust the insurer places in the agent.
RSA 402-E does not set one fixed statutory bond amount; the Insurance Department sets the required figure as part of licensing. It is not insurance for you — if the surety pays a claim, you repay the surety. Enter the amount on your application and your price, from $100, appears there, informed by a quick soft credit check.
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 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.
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 Insurance Department. Pay online and receive the executed bond, ready to file with your MGA license application. Wet-ink originals mailed whenever the Department insists.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not 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, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other New Hampshire bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
MGA bond, issued today.
Pricing from $100. Enter the amount the Department requires and file the same day.