Wyoming surplus lines broker bonds.
$100 flat.
Before Wyoming issues a surplus lines broker license, the applicant files a $10,000 bond in favor of the State of Wyoming with the commissioner — and keeps it in force for as long as the license remains in effect, under W.S. § 26-11-114. Ours is $100 flat, the same number for every broker, and the price you see is the checkout price.
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How much does a Wyoming surplus lines broker bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
The Department will not issue the license until the bond is on file, and filing the bond is the easy part:
Apply online
Your name or firm name, address, entity type, and an effective date. That is the application. No credit check.
Pay & e-sign
This bond form is among the thousands that issue right after purchase. Your executed bond and power of attorney arrive by email on the carrier’s Wyoming surplus lines form.
File with the Department of Insurance
Send the bond to the Wyoming Department of Insurance with your surplus lines broker application or renewal. Wet-ink originals mailed on request.
What it is and who needs it.
What the surplus lines bond actually guarantees
A surplus lines broker places coverage with nonadmitted insurers — carriers not authorized to transact in Wyoming — for risks the admitted market declines or cannot write. Because those carriers sit outside the Department’s ordinary form, rate, and guaranty-fund oversight, Wyoming regulates the broker instead and puts a bond behind the license. The Department also requires a non-resident applicant to hold an active surplus lines license in their home state before it will license them here.
W.S. § 26-11-114 is specific about the mechanics: prior to issuance of a surplus line broker license, and thereafter for as long as the license remains in effect, the applicant keeps in force a bond in favor of the state of Wyoming in the penal sum of $10,000, with an authorized corporate surety the commissioner approves. The bond is conditioned on two undertakings — that the broker will conduct business under the license in accordance with the surplus lines chapter, and that the broker will promptly remit the taxes provided by W.S. § 26-11-118.
That tax is where the real exposure lives. A surplus lines broker collects and pays the commissioner three percent of gross premiums charged, less return premiums, on the surplus lines insurance placed — money held on the state’s behalf between binding the policy and remitting it with each quarterly affidavit report. The bond backs that obligation, and aggregate surety liability never exceeds the penal sum. It is not insurance for you — if the surety pays, you repay the surety. The bond cannot be terminated on less than 30 days’ prior written notice to the licensee, filed with the commissioner, so keep it continuous.
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 $10,000 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
File with the Department of Insurance. Send the bond to the Wyoming Department of Insurance with your surplus lines broker application or renewal. Wet-ink originals mailed on request.
What sets the price
The premium is fixed at $100 at the $10,000 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 Wyoming 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 .
Your surplus lines license is waiting on one filing.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.