$225 is your GOOD CREDIT PRICE for an Arizona Surplus Lines Broker Bond.
Arizona Surplus Lines Brokers are required under ARS 20-411 (D) of the laws of State of Arizona to file an Arizona Surplus Lines Broker Bond in the amount of $25,000 as a condition of licensure.
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 Arizona Surplus Lines Broker Bond holds you accountable for your business decisions.
By possessing an Arizona 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.