$180 is your GOOD CREDIT PRICE for an Illinois Surplus Line Producer’s License Bond.
Surplus Lines Producers operating in the State of Illinois are required under Article XXVIII, Section 445 of the Illinois Insurance Code to execute an Illinois Surplus Line Producer’s License Bond to ensure compliance with licensure.
Bonds Express offers an Illinois Surplus Line Producer’s License 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 Illinois Surplus Line Producer’s License Bond holds you accountable for your business decisions.
By possessing an Illinois Surplus Line Producer’s License Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.