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If you are an insurance broker or a surplus lines producer in the State of North Dakota, you must post a North Dakota Surplus Lines Brokers Bond before you can be licensed by the State.
Bonds Express offers a North Dakota Surplus Lines Brokers Bond with a 100% approval rate.
The are several requirements for licensure in addition to the North Dakota Surplus Lines Brokers Bond. To familiarize yourself with these statutes, we recommend that you read Article 45-09 of the North Dakota Administrative Code in order to acquaint yourself with all of the necessary requirements for licensure in the State of North Dakota.
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 North Dakota Surplus Lines Brokers Bond holds you accountable for your business decisions.
By possessing a North Dakota Surplus Lines Brokers Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.