Insurance counselor surety bond cost
The Georgia Commissioner of Insurance requires insurance counselors to post $5,000 surety bonds in order to be licensed. Surety Bonds offers these bonds instantly for just $100! There’s no credit check required, so everyone pays the same flat rate.
Why this bond
By posting a Georgia insurance counselor surety bond, principals (counselors) pledge to faithfully provide all services for which they are contracted in compliance with the Official Code of Georgia Annotated (section 33-23-7) and Section 120-2-3-.18 of the Georgia Insurance Regulations.
If the principal violates these terms, the bond protects the state and consumers from financial loss up to the full amount of the bond.
Insurance counselor surety bond details
Insurance counselor surety bonds in Georgia remain in full force and effect until canceled. The surety may cancel the bond at any time by providing the Commissioner of Insurance with a written notice no less than 60 days in advance of the cancellation’s effective date.
Become an insurance counselor
In addition to posting a surety bond, the state of Georgia mandates that a license is required if the applicant is engaged in any of the following types of insurance counseling:
- Accident and sickness
- Personal lines
The applicant must pass the mandatory examination for licensure within 12 months of the completion of the pre-licensing course. An investigation of the applicant’s general character, including a background check, must be conducted before a license can be issued.
Take the first step toward becoming a licensed insurance counselor in Georgia by purchasing your surety bond for just $100!
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