Insurance Producer Bond

Florida Insurance Producer - Surplus Lines Bond

DFS surplus lines agent surety — $50,000 under Fla. Stat. § 626.928

Florida surplus lines agents must file and maintain a bond of not less than $50,000 with the Department of Financial Services under Fla. Stat. § 626.928 (Form DFS-H2-75). Related yacht - ship broker SKUs without a dedicated page map to this umbrella — confirm your exact license class.

Overview

What Is a Florida Insurance Producer - Surplus Lines Bond?

A Florida surplus lines - insurance producer surety bond guarantees the licensed producer will conduct business under the Surplus Lines Law and promptly remit required taxes to DFS.

Key Provisions
  • Guarantees compliance with Fla. Stat. § 626.928
  • Protects the obligee named on the Florida bond form
  • Remains subject to the penal sum and bond conditions
Surety Obligation Overview

What Does This Bond Guarantee?

The surety bond guarantees that the principal will perform the duties required under Fla. Stat. § 626.928 up to the penal sum.

Principal
The party required to obtain the bond and perform the underlying obligation.
Obligee
Florida Department of Financial Services
Surety
The company issuing the bond and guaranteeing the obligation to the obligee.

When a claim may arise

A claim may arise if the principal fails to comply with the bonded Florida obligation or causes covered loss to the obligee or protected parties.

If a claim is valid

If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.

Scope of the Obligation
  • Comply with Fla. Stat. § 626.928
  • Satisfy Florida Department of Financial Services filing conditions
  • Maintain the bond for the required term
Bond terms

Bond summary

Amount, premium, term, and the authority that requires this filing.

Eligibility

Who Needs This Bond?

Applicants for or holders of a Florida surplus lines agent license (and related DFS broker classes online lists under this umbrella, such as yacht and ship broker paths — confirm whether your class requires surety).

Who Is Required to File
  • Applicants required by Florida Department of Financial Services (DFS) — Division of Insurance Agent and Agency Services
  • Florida businesses renewing or expanding licensed activity
  • Out-of-state firms filing into Florida markets
Requirements

What You Need to Apply

File Form DFS-H2-75 (Surplus Lines Agent's Bond) in favor of DFS for at least $50,000 aggregate liability with an authorized corporate surety. DFS may require a larger amount based on volume. Do not assume public-adjuster Form DFS-H2-72 covers surplus lines.

Required Documentation
  1. Legal entity name matching the license or filing
  2. Bond amount: $50,000 minimum surplus lines agent bond (Form DFS-H2-75)
  3. DFS may require more by volume. Yacht - ship broker amounts (e.g. $25,000 - $10,000 in online) are class-specific — confirm before ordering
  4. Florida obligee form or statute citation
  5. Owner or officer identification for underwriting
Filing

How this filing works

  1. 01

    Confirm the Florida requirement

    Share your license type, court order, or obligee form and the exact penal sum required by Florida Department of Financial Services (DFS) — Division of Insurance Agent and Agency Services.

  2. 02

    Underwrite and price

    We review credit and filing details, then quote premium options through licensed surety markets.

  3. 03

    Issue and file

    Once approved, we issue the bond for delivery to Florida Department of Financial Services or for your Florida filing package.

FAQ

Frequently Asked Questions

What is the required amount for a Florida insurance producer bond?

The amount is $50,000 minimum surplus lines agent bond (Form DFS-H2-75); DFS may require more by volume. Yacht - ship broker amounts (e.g. $25,000 - $10,000 in online) are class-specific — confirm before ordering, as set under Fla. Stat. § 626.928 and confirmed with Florida Department of Financial Services (DFS) — Division of Insurance Agent and Agency Services.

Who is the obligee on a Florida insurance producer bond?

The obligee is typically Florida Department of Financial Services. Always match the exact name on the Florida form.

How long does it take to get the bond?

Many Florida filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.

Does bad credit prevent approval?

Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.

How do I renew the bond?

Most bonds renew on the term shown (1 Year). Keep continuity so your Florida license or filing does not lapse.

Authority Resources

Florida Department of Financial Services (DFS) — Division of Insurance Agent and Agency Services

flsenate.gov

Next step

Ready to file this bond?

We’ll match the requirement and route the application.

Apply for this bond

Or call (877) 477-7578