In Arkansas, an insurance agent that offers surplus lines placements must be properly licensed and provide an Arkansas surplus lines broker bond. Insureds unable to secure insurance coverage through a carrier licensed to do business in Arkansas (an “admitted” company) may obtain coverage on a surplus lines basis from a non-admitted (unlicensed) carrier through the services of a licensed surplus lines broker. The Arkansas Department of Insurance requires a surplus lines broker bond in the amount of $50,000. The obligation is a strict compliance bond guaranteeing that the principal will conduct his or her business in accordance with Rule and Regulation 24, and Arkansas Statute Chapter 65, Subchapter 3. The nation’s surety leader, Surety One, Inc., is a specialist in the bonding needs of the financial services sector. We will issue these surety bonds for ALL experienced applicants in every state that requires bonding of surplus lines brokers. We also offer superlative fidelity bond coverages to protect against losses due to employee dishonesty. Visit the surety leader at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for an Arkansas surplus lines broker bond application or information about any bond product.
