Alabama Surplus Lines Brokers are required under the Alabama Surplus Line Insurance Law, Article 2, Chapter 10, Title 27 (Section 27-10-20 through 27-10-38) under the Code of Alabama, 1975 to file an Alabama Surplus Lines Broker Bond in the amount of $50,000 as a condition of licensure.
Bonds Express offers an Alabama Surplus Lines Broker Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Alabama Surplus Lines Broker Bond holds you accountable for your business decisions.
By possessing an Alabama Surplus Lines Broker Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.