SC insurance broker bonds.
$300. Five minutes.
South Carolina requires every resident insurance broker to file a fixed $10,000 bond with the Department of Insurance before licensure — ours is $300 flat, which is 3% of the bond amount. The application is five minutes, and license bonds like this are the fastest thing we issue.
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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, your NPN, and an effective date. That's the application — no financials, no credit check section, no follow-up scavenger hunt.
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 Department of Insurance
Your executed bond and power of attorney arrive by email, ready to file with your broker license application or renewal. Wet-ink original mailed on request.
The whole pricing page.
$10,000 bond × 3% = $300, 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
An insurance broker bond is a policyholder-protection guarantee. A South Carolina broker places coverage for clients who can't get it from a licensed insurer in the ordinary market — the state wants a financial backstop that you'll handle their business and their premiums honestly.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of South Carolina (the obligee), with your insureds as the protected parties. The bond is conditioned to pay a person insured or seeking insurance through the broker who sustains loss from the broker's violation of insurance law.
The bond must stay active for the life of your license. The statute also lets a broker post qualifying certificates of deposit in lieu of the bond — but a $300 surety bond is far cheaper than tying up $10,000 in cash. We track the term and notify you 60 and 30 days out.
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 South Carolina insurance broker bond? +
Do I pay the $10,000? +
How fast will I have the bond? +
Can I file a CD instead of a bond? +
Is there a credit check? +
Other New York bonds.
Finish your license checklist today.
$300 flat, five-minute application, bond often issued in the same sitting. Free until issued.