Rhode Island surplus lines broker bonds.
$250 flat.
Rhode Island repealed its surplus lines broker bond — former § 27-3-39 went away on June 30, 2022, and the Division of Insurance no longer conditions the license on one. When a wholesaler, MGA, or program still asks for the $25,000 bond, we issue it at $250 flat, and the price you see is the checkout price.
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How much does a Rhode Island surplus lines broker bond cost?
$250 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
Confirm who is actually asking for the bond, then the rest is about the simplest thing in surety. Here's the entire process:
Apply online
Business details, the name of whoever is requiring the bond, and an effective date. That is the application. No credit check.
Pay & e-sign
Fixed-amount bonds like this are among the thousands of bond types that issue right after purchase.
Deliver it to whoever asked
Your executed bond and power of attorney arrive by email. Rhode Island no longer takes a surplus lines bond filing, so it goes to the wholesaler, MGA, program, or counterparty that required it. Wet-ink original mailed on request.
What it is and who needs it.
What the surplus lines broker bond actually covers
Rhode Island licenses surplus lines brokers through the Division of Insurance at the Department of Business Regulation (DBR), 1511 Pontiac Avenue in Cranston. A surplus lines broker is the licensee who places a risk with a non-admitted but DBR-approved surplus lines insurer after admitted carriers have declined it — and until 2022 that license came with a bond. Former R.I. Gen. Laws § 27-3-39 barred issuance of a resident surplus line broker license until the General Treasurer certified to the Insurance Commissioner that the licensee had filed a $25,000 bond, conditioned on faithful compliance with § 27-3-38.
That mandate is gone. The 2022 Insurance Omnibus — P.L. 2022, ch. 404 and ch. 405, effective June 30, 2022 — repealed § 27-3-39 outright, and DBR's own Insurance Bulletin 2022-4 describes the act as eliminating “an unnecessary $25,000 bond for surplus lines brokers.” The forms the Division still designates for surplus lines work are the Affidavit by Broker, the Affidavit by Insured, and the Annual Surplus Lines Report due April 1. There is no bond form among them, and the Division's licensing page says plainly that no bond is needed.
So a Rhode Island surplus lines broker bond today is a contractual or legacy filing, not a licensing condition — a binding-authority or wholesale agreement that conditions your appointment on a bond, a program contract that names its own obligee, or an older $25,000 bond you are keeping continuous for pre-repeal exposure. It works the way every surety bond does: you are the principal, the carrier is the surety, and whoever required it is the obligee. It is not insurance for you — if the surety pays a claim, you repay the surety. Because there is no longer a state form to copy the obligee from, confirm that name and address with whoever asked before we issue.
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 $25,000 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
Deliver it to whoever asked. Your executed bond and power of attorney arrive by email. Rhode Island no longer takes a surplus lines bond filing, so it goes to the wholesaler, MGA, program, or counterparty that required it. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $250 at the $25,000 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 issuing fields. No credit check.
Start the application →Common questions.
Other Rhode Island bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Surplus lines broker bond, issued today.
$250 flat, no credit check, bond often issued in the same sitting. Free until issued.